335 47TH AVENUE N at

335 47TH AVENUE N

For sale Days on market 167

$1,350,000

$2432/sq ft

$223,000
Price Decreased

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Overview

Year Built

1973

Sqft

555

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.

Property Details

MLS#

TB8425352

Address

335 47TH

City

St Petersburg

State/county

Zip/Postal Code

33703

Area

Parklane Condo

Country

United States

HOA

Yes

Assoc Fee

$386

Assoc Fee Pd

Monthly

Tax Amount

$1,254

Maint Fee

$--

Tax Year

2024

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