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Tammy Hall

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

$ 1,250,000

Est. payment | -/mo

555 SqFt

Save Virtual Tour

$ 1,250,000

Est. payment | -/mo

Save Virtual Tour

555 SqFt

Key Details

Property Type Multi-Family

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 TB8425352

HOA Fees $386/mo

HOA Y/N Yes

Annual Recurring Fee 4632.0

Year Built 1973

Annual Tax Amount $1,254

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property Description

For the investor seeking immediate income and future upside, this 13-unit income-producing portfolio in the Parklane Condominiums offers an exceptional blend of stability, location, and scale. The mix consists of eleven one-bedroom units and two two-bedroom units, FULLY LEASED, and gross rental potential exceeding $15,000/monthly. The property is situated in a high-demand rental corridor just minutes from downtown St. Petersburg, with direct access to I-275, 4th Street, major employers, and public transportation. Parklane has had consistent demand and minimal vacancy. The portfolio benefits from an investor-friendly HOA structure that covers nearly all exterior operational costs, including maintenance, roof reserves, pool service, water, sewer, trash, cable, and landscaping, providing a passive ownership profile with reduced management complexity. Tenants enjoy a gated, well-maintained community with a shared pool, green space, and common areas that promote long-term retention. Whether you are expanding an existing portfolio or executing a 1031 exchange, this stabilized asset offers immediate income, operational efficiency, and strong fundamentals in a rapidly appreciating urban market.

Location

State FL

County Pinellas

Community Parklane Condo

Area 33703 - St Pete

Direction N

Interior

Interior Features Other

Heating Central

Cooling Central Air

Flooring Other

Fireplace false

Laundry Common Area

Exterior

Exterior Feature Other, Sidewalk

Community Features Pool

Utilities Available Public

View Y/N No

Water Access No

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Monthly Total Fees $386

Acceptable Financing Cash, Conventional

Membership Fee Required Required

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8425352

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