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335 47TH AVE N,  ST PETERSBURG, FL 33703

MLS# TB8425352.  0 beds.  0.0 baths.  Multi-Family 5+.  Active

$386.00 Monthly Fees.  $1,255 in taxes (2024)

$1,299,000

 

Remarks:

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.

Quick Info:

  • Listing is courtesy Of: LOMBARDO TEAM REAL ESTATE LLC ((813-321-0437))
  • Listing Agent: Mary Gillam ((703-283-0625))
  • Days on yellowkey: 236
  • Property Type: Multi-Family 5+
  • Baths: 0.0
  • Living Area Square Feet: 555
  • Built 1973
  • Taxes: $1,255 (2024)
  • Garage Spaces: ()
  • Square Feet:
  • Fees: $386 Monthly
  • Pinellas County
  • Terms: Cash, Conventional
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  • Subdivision Name: PARKLANE CONDO
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  • Exterior Features: Other, Sidewalk
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History:

DateListing TypeDays on yellowkeyMLS#EventPrice% Chg$/sqftSource
9/10/2025Sale236TB8425352listed for sale$1,573,000-MLS




Data is updated at least once a week by Sunday nights. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. Data can be retrieved from any one of the following MLS’s: Greater Fort Lauderdale REALTORS®, Space Coast Association of REALTORS®, My Florida Regional MLS, Florida Gulf Coast MLS, "©2024 Northeast Florida Multiple Listing Service, Inc. All rights reserved." The properties displayed may not be all of the properties in the MLS’s database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker’s logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

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