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, with only two currently vacant, 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.
