About This Property

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, 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. 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: MFR769358513
• Days on Market: 367
• Listed By: LOMBARDO TEAM REAL ESTATE LLC · Mary Gillam
• Zip Code: 33703