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Tammy Hall

tammy@tammyhallhomes.com +1(386) 473-2757

$ 1,250,000

Est. payment | -/mo

555 SqFt

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$ 1,250,000

Est. payment | -/mo

Save Virtual Tour

555 SqFt

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 555 sqft

Price per Sqft $2,252

Subdivision Parklane Condo

MLS Listing ID TB8425350

HOA Y/N No

Year Built 1973

Annual Tax Amount $1,254

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property Description

Introducing a highly sought-after multifamily investment opportunity located in the Parklane Condominiums of St. Petersburg&mdasha well-performing, professionally managed community with a stable tenant base and strong market fundamentals. This 13-unit portfolio consists of eleven 1-bedroom units and two 2-bedroom units, with full occupancy and reliable rental performance. Situated just off the 4th Street corridor and minutes from downtown, the property benefits from excellent connectivity to I-275, vibrant employment centers, retail corridors, and public transit lines. The asset operates under a condominium regime with HOA coverage that includes exterior maintenance, roofing, landscaping, pool service, water, sewer, trash, and cable, which significantly reduces operational burden and creates an attractive management-light investment structure. The fenced grounds, mature landscaping, and community amenities including a pool and gazebo, provide long-term stability and tenant retention. With projected gross rents surpassing $15,000 monthly and consistent historical occupancy, this portfolio is well-positioned for institutional or private capital seeking a scaled, income-producing asset with limited turnover and strong cash-on-cash performance in one of Tampa Bay's fastest-growing submarkets.

Location

State FL

County Pinellas

Community Parklane Condo

Area 33703 - St Pete

Direction N

Interior

Cooling Central Air

Exterior

Utilities Available Public

View Y/N No

Water Access No

Building

Story 1

Foundation Slab

Lot Size Range Non-Applicable

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Pets Allowed Yes - See Condo Docs

Ownership Sole Proprietor

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8425350

Listed by Mary Gillam LOMBARDO TEAM REAL ESTATE LLC

335 47TH AVE N St Petersburg, FL 33703

Tammy Hall

Key Details

Location

Interior

Exterior

Building

Others

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335 47TH AVE N