Residential Property - Condominium in St Petersburg
Listing Price: $1,350,000 (Mortgage Calculator →)
Description of Property
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, fenced complex featuring a 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 per month. 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.
Bedrooms: 1
Bathrooms: 1
Sq. Ft. Gross: 555
Garage: No
Carport: No
Community Pool: Yes
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Condominium
City: St Petersburg
County: Pinellas
Subdivision: Parklane Condo
Bedrooms: 1
Bathrooms: 1
Sq. Ft. Gross: 555
Sq. Ft. Living Area: 555
Cost per (heated) sqare foot: $2,432
Year built: 1973
Annual Tax: $1,255
Condo Fee: $66 Monthly
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
- Water
Appliances: Other
Flooring: Other
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Block
Foundation: Slab
Roof: Shingle
Exterior Features: Sidewalk
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Sewer: Public Sewer
Water Source: Public
Community Features: Pool
Association Amenities: Cable TV
Lot Information
Front Exposure: West
Additional Parcels: Yes
Additional Parcels Description: SEE EXHIBIT A
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 063117666453350244
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: PARKLANE CONDO BLDG 335, UNIT 244
Section: 6
Range: 17
Listing courtesy of LOMBARDO TEAM REAL ESTATE LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.