$2,833,525
7025 HIBISCUS AVE S, SOUTH PASADENA, FL 33707
ActiveProperty details
About this home
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.
Keep exploring
Listings courtesy of Stellar MLS as distributed by MLS GRID. MLS #MFR813465454. Listing brokerage: VIEWPOINT REALTY INTERNATIONAL. Status: Active.
IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but not guaranteed by MLS GRID. Properties displayed may be listed or sold by various participants in the MLS.
Based on information submitted to the MLS GRID as of November 7, 2026 at 8:45 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Information deemed reliable but not guaranteed. All listings are subject to prior sale, change, or withdrawal. Neither the listing broker(s) nor Vectis by Wolliz shall be responsible for any typographical errors, misinformation, or misprints. © 2026 Vectis by Wolliz, Inc.
