About 335 47th Avenue N
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 near 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 per month 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&rsquos fastest-growing submarkets.
Features of 335 47th Avenue N
| MLS® # | TB8425350 |
|---|---|
| Price | $1,500,000 |
| Square Footage | 555 |
| Year Built | 1973 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Listing Details
| Office | LOMBARDO TEAM REAL ESTATE LLC |
|---|
Listing Map
Neighborhood Information for 335 47th Avenue N
Low Residential Turnover, Coastal Area, Suburb of Tampa
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Shorecrest Preparatory School Private - Preschool to 12Th Grade - Closest Elementry School |
0 Miles | |
|
North Shore Elementary School Public - Kindergarten to 5Th Grade |
1 Miles | |
|
|
Grace Lutheran School Private - Preschool to 8Th Grade - Closest Middle School |
1 Miles | |
|
|
Aba Academy Private - Kindergarten to 8Th Grade |
1 Miles | |
|
Northeast High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
|
Northeast Community Public - to |
1 Miles | |
|
|
Canterbury School Of Florida - Knowlton Campus Private - 5Th Grade to 12Th Grade |
1 Miles |
School data provided by GreatSchools