Introducing a highly sought after multifamily investment opportunity located in the Parklane Condominiums of St.


Property

Website:https://www.nestseekers.com/5539998
Address:
ST PETERSBURG, FL 33703
Ownership: Sole Proprietor
Type: Unknown
Pets: Pets Allowed

Financials

Price:$1,299,000
Annual Taxes:$1,254.78

Description

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.

Amenities

  • Public

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of LOMBARDO TEAM REAL ESTATE LLC

ST PETERSBURG FL 33703 USA