About 335 47th Avenue N
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, with only two currently vacant, 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 of 335 47th Avenue N
| MLS® # | TB8425352 |
|---|---|
| Price | $1,500,000 |
| Square Footage | 555 |
| Year Built | 1973 |
| Type | Residential Income |
| 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