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727-415-4982
Real Estate Company
7025 Hibiscus Avenue S, South Pasadena, FL 33707
- $2,833,525
- 8,834
- SqFt
- List Price
- $2,833,525
- Status
- Active
- Days on Market
- 3
- Price Change
- ▼ $103,931 1791579625
- MLS#
- TB8555883
- Property Style
- Multi-Family 5+
- Year Built
- 1974
- Living Area
- 8,834
- Lot Size
- 14,815
- Acres
- 0.34
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Pasadena On The Gulf Sec C
- MLS Area Major
- St Pete/South Pasadena/Gulfport/St Pete Bch
Property Description
Beautiful South Pasadena apartment building. Exceptional opportunity to acquire Hibiscus Place Apartments, a rare,12-Unit Multifamily Investment in South Pasadena, Florida. This architecturally unique, high-demand, apartment building features a private central courtyard which showcases a double return central staircase and is located in an upscale residential neighborhood only one block from Boca Ciega Bay. The property is currently 100% occupied, generating approximately $228,920 in annual gross income. The offering represents an attractive opportunity to acquire an established, income-producing multifamily asset in a highly sought-after Gulf Coast location at a 5.4% cap rate. 12 units - Two 2 bedroom/2 bath, Two 2 bedroom/1 bath and Eight 1 bedroom/1 bath. In last 5 yrs - 30 year roof coating 2023, 5 new air conditioning units, updated laundry facilities, multiple kitchen/ bathroom/ flooring/ appliances, two asphalt parking lots updated and maintained regularly, landscape upgrades. 16 parking spaces (10 in front and second lot in the back. Short drive to St Pete Beach. Walk to shopping and restaurants.
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Additional Information
- Taxes
- $22370
- Location
- Flood Insurance Required, FloodZone
- Community Features
- No Deed Restriction
- Utilities
- Electricity Available, Water Connected
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Concrete, Stucco
- Roof
- Built-Up
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- AE
- Parcel ID
- 30-31-16-67518-061-0150
- Legal Description
- PASADENA ON THE GULF SEC C BLK 61, LOT 15 & SE'LY 15 FT OF LOT 14
Listing courtesy of VIEWPOINT REALTY INTERNATIONAL. 727-584-7355
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