335 47TH AVENUE N, ST PETERSBURG, FL 33703

Description of 335 47TH AVENUE N, ST PETERSBURG, FL 33703

Introducing a highly sought-after multifamily investment opportunity located in the Parklane Condominiums of St. Petersburg&mdasha well-performing, professionally managed community with a stable tenant base and strong market fundamentals. This 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 excellent connectivity to I-275, vibrant 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, which significantly reduces operational burden and creates an attractive management-light investment structure. 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 well-positioned for institutional or private capital seeking a scaled, income-producing asset with limited turnover and strong cash-on-cash performance in one of Tampa Bay's fastest-growing submarkets.

Property Details for 335 47TH AVENUE N, ST PETERSBURG, FL 33703

Cooling

Central Air

Building Information for 335 47TH AVENUE N, ST PETERSBURG, FL 33703

Building Area Total

555

Building Area Units

Square Feet

Stories Total

1

Pets Allowed

Yes - See Condo Docs

Property Information for 335 47TH AVENUE N, ST PETERSBURG, FL 33703

Waterfront

No

View

No

Construction Materials

Block

Sewer

Public Sewer

Water Source

Public

New Construction

No

Public Records for 335 47TH AVENUE N, ST PETERSBURG, FL 33703

Parcel Number

063117666453350244

Tax Annual Amount

$1,255

Tax Year

2024

Tax Legal Description

SEE EXHIBIT A

County Or Parish

Pinellas

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