About This Property

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.

Key Features

• Built in 1973

Property Details

• Type: Single Family Home
• Year Built: 1973
• Lot Size: 0 sq ft
• Sq Ft: 555
• Price / Sq Ft: $2,207
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: Built in 1973
• Status: Active
• MLS Number: MFR769358323
• Days on Market: 417
• Listed By: LOMBARDO TEAM REAL ESTATE LLC · Mary Gillam
• Zip Code: 33703