Introducing a highly sought after multifamily investment opportunity located in the Parklane Condominiums of St.
ST PETERSBURG, FL 33703
Listing
| Web ID: | 5539998 |
|---|---|
| Website: | https://www.nestseekers.com/5539998 |
Property
| Ownership: | Sole Proprietor |
|---|---|
| Type: | Unknown |
| Pets: | Pets Allowed |
Financials
Price:$1,225,000
Annual Taxes:$1,254.78
Description
Introducing a highly sought-after multifamily investment opportunity located in the Parklane Condominiums of St. Petersburg that are well-performing, and in a 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. Owner willing to sell off bundles of units.
Amenities
- Public
Location
Contact
Listing Courtesy of LOMBARDO TEAM REAL ESTATE LLC