USAFLSouth PasadenaPasadena on the Gulf Sec C7025 Hibiscus Ave S
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$2,833,525

For Sale

3 days ago

7025 Hibiscus Ave S, South Pasadena, FL

House

MLS® TB8555883

0 Bed

0 Bath

8834 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size 8834 sqft
Garage 
Taxes $22,371
Days Active 3
Lot Size 0.34 Acres
Approx. Age 1974
Avg. Price Per Sqft $320
MLS® Number TB8555883

Property Address: 7025 Hibiscus Ave S, SOUTH PASADENA, FL, 33707-2857

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberTB8555883
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1974
Basement
Driveway
Garage Spaces
HeatCentral
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 9, 2026List Date
$2,833,525List Price
  • Commute

Commute

Starting Address
Destination Address
7025 Hibiscus Ave S, South Pasadena, FL

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