7025 HIBISCUS AVENUE S
South Pasadena, FL 33707
$2,833,525
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.
Listing Courtesy of: VIEWPOINT REALTY INTERNATIONAL
727-584-7355
| Listing Id: | TB8555883 |
|---|---|
| List Price: | $2,833,525 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Multi-Family 5+ |
| Status: | Active |
| Living Area: | 8,834 |
| Tax Annual Amount: | $22,371 |
| Lot Size Square Feet: | 14,815 |
| Lot Size Acres: | 0.34 |
| Waterfront?: | No |
| City: | South Pasadena |
| County Or Parish: | Pinellas |
| Subdivision Name: | Pasadena On The Gulf Sec C |
| Postal Code: | 33707 |
| Year Built: | 1974 |
| Number Of Units Total: | 12 |
| Building Area Source: | Public Records |
| Building Area Total: | 8834 |
| Building Area Units: | Square Feet |
| Direction Faces: | Southwest |
| Foundation Details: | Slab |
| Construction Materials: | Block, Concrete, Stucco |
| Cooling: | Central Air |
| Directions: | Pasadena Ave S - South of Central to right on Hibiscus Ave S to address on the right. |
| Heating: | Central |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Features: | Flood Insurance Required, FloodZone |
| Lot Size Acres: | 0.34 |
| Lot Size Dimensions: | 85x176 |
| Postal Code Plus4: | 2857 |
| MLS Area Major: | 33707 - St Pete/South Pasadena/Gulfport/St Pete Bch |
| MLS Area Major: | 33707 - St Pete/South Pasadena/Gulfport/St Pete Bch |
| Original List Price: | $2,937,456 |
| Parcel Number: | 30-31-16-67518-061-0150 |
| Stories Total: | 2 |
| Township: | 31 |
| Road Frontage Type: | City Street |
| Road Surface Type: | Asphalt, Paved |
| Roof: | Built-Up |
| Listing Terms: | Cash, Commercial Financing |
| Tax Year: | 2025 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Utilities: | Electricity Available, Water Connected |
| Water Source: | Public |
| Public Survey Range: | 16 |
| Public Survey Section: | 30 |
| Possession: | Close Of Escrow |
| Alternate Key Folio Num: | 303116675180610150 |
| Building Area Total Srch Sq M: | 820.71 |
| Calculated List Price By Calcula: | 320.75 |
| Condo Environment Yn: | No |
| Flood Zone Code: | AE |
| Flood Zone Date: | 2021-08-24 |
| Flood Zone Panel: | 12103C0213H |
| Green Verification Count: | 0 |
| Living Area Meters: | 820.71 |
| Lot Size Square Meters: | 1376 |
| Sdeo yn: | No |
| Total Acreage: | 1/4 to less than 1/2 |
| Total Num Buildings: | 1 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Attribution Contact: | 727-584-7355 |
| Originating System Name : | Stellar MLS |
| Dock Yn: | No |
| Green Energy Generation Yn: | No |
| Listing Contract Date: | 2026-10-09 |
| Total Parking Spaces: | 16 |
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Property Last Updated: October 10, 2026 02:29 AM - ET
