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… Read More 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. Read Less
Courtesy of VIEWPOINT REALTY INTERNATIONAL 727-584-7355
Listing Snapshot
Days Online
0
Last Updated
Property Type
Multi-Family 5+
Square Ft.
8,834
Lot Size
0.34 Acres
Year Built
1974
MLS Number
TB8555883
Additional Details
Property Access
Frontage Type: City Street, Road Surface: Asphalt, Paved
Building
Built in 1974, Living area: 8834, Living area units: Square Feet, Building faces Southwest, 2 stories, Construction Materials: Block, Concrete, Stucco
Additional parcels description:, Parcel Number: 30-31-16-67518-061-0150, Public Survey Range: 16, Public Survey Section: 30, Annual Amount: $22,370.6, Tax Block: 61, Tax Book Number: 7-15, Legal Description: PASADENA ON THE GULF SEC C BLK 61, LOT 15 & SE'LY 15 FT OF LOT 14, Lot: 15, Year: 2025
Utilities
Electricity Available, Water Connected, Water Source: Public
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