335 47TH AVENUE N St Petersburg, FL 33703

Building Details

Year Built

1973

Listing office LOMBARDO TEAM REAL ESTATE LLC m***@lombardoteam.com Show Phone

Listing date Sep 10, 2025

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Investment Insights

Based on property information with market context.

This multifamily investment opportunity is located in the Parklane Condominiums of St. Petersburg. The 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 connectivity to I-275, 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. 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 positioned for capital seeking an income-producing asset with limited turnover and strong cash-on-cash performance in one of Tampa Bay's submarkets.

Key Highlights

• 13‑unit multifamily portfolio with full occupancy and reliable rental performance.
• Professionally managed community with a stable tenant base and strong market fundamentals.
• Prime location near the 4th Street corridor, minutes from downtown St. Petersburg, with excellent connectivity to I‑275.

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FAQs

What type of property is this?

Apartment building - 13-unit portfolio in a professionally managed community, full occupancy.

Where is this apartment building located?

The property is located at 335 47TH AVENUE N St Petersburg, FL.

What is the asking price?

The asking price for this property is $1,299,000.

What are key features of this property?

This property features: 13‑unit multifamily portfolio with full occupancy and reliable rental performance.; Professionally managed community with a stable tenant base and strong market fundamentals.; Prime location near the 4th Street corridor, minutes from downtown St. Petersburg, with excellent connectivity to I‑275.