Address: 335 47th Avenue N, ST PETERSBURG, FL 33703
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.
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.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Other, Sidewalk
Flooring: Other
Living Area: 555.00
Roof: Shingle
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Heating: Central
Pets Allowed: Yes
Sewer: Public Sewer
Utilities: Public
Finance and Tax Information
Home Owners Association Fee: 386.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Association Name: JHASMEL SANTIAGO
Association Phone: 727-432-2181
Country: US
Interior Features: Other
Legal Description: PARKLANE CONDO BLDG 335, UNIT 244
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