$1,250,000
Active · 306 days on market · MLS# MFRTB8425530
| Bedrooms | 1 |
|---|---|
| Bathrooms | 1 |
| Living area | 555 sq ft |
| Year built | 1973 |
| Property type | Condominium |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $1,255 |
| County | Pinellas |
A rare opportunity to acquire a 13-unit stabilized portfolio in the Parklane Condominiums community, centrally located in the heart of St. Petersburg. This offering includes eleven one-bedroom, one-bath units and two two-bedroom, one-bath units. FULLY LEASED. The asset sits within a well-maintained, complex featuring a fenced in community pool, lush courtyards, grilling area, and shared laundry facilities. The Parklane community provides a quiet residential setting, while remaining just minutes from the downtown core, 4th Street corridor, and major interstates, offering exceptional accessibility and strong tenant demand. Each unit is individually metered, with HOA fees covering exterior maintenance, water, sewer, trash, basic cable, lawn care, and roof reserves—making this an extremely low-maintenance portfolio for residential investors. With in-place rents and minimal vacancy, the portfolio generates strong monthly cash flow with the potential to exceed $15,000 monthly. This is an ideal acquisition for any residential buyer seeking predictable income, long-term upside, and a low-barrier entry into the St. Pete multifamily market.
Listing courtesy of Mary Gillam, LOMBARDO TEAM REAL ESTATE LLC. Presented by MC Homes Realty Inc · 727432218.