7025 HIBISCUS AVE S, South Pasadena, FL 33707
7025 HIBISCUS AVE S, South Pasadena, FL 33707
7025 HIBISCUS AVE S, South Pasadena, FL 33707
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$2,833,525
Est. payment /mo
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8,834 SqFt
New

7025 HIBISCUS AVE S South Pasadena, FL 33707

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Jeyte Gilson

Jeyte Gilson

+1(352) 563-8023

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Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 8,834 sqft

Price per Sqft $320

Subdivision Pasadena On The Gulf Sec C

MLS Listing ID TB8555883

HOA Y/N No

Year Built 1974

Annual Tax Amount $22,370

Lot Size 0.340 Acres

Acres 0.34

Lot Dimensions 85x176

Property Sub-Type Multi-Family 5+

Source Stellar MLS

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.

Location

State FL

County Pinellas

Community Pasadena On The Gulf Sec C

Area 33707 - St Pete/South Pasadena/Gulfport/St Pete Bch

Direction S

Interior

Heating Central

Cooling Central Air

Exterior

Utilities Available Electricity Available, Water Connected

View Y/N No

Water Access No

Roof Type Built-Up

Exposure Southwest

Building

Lot Description Flood Insurance Required, FloodZone

Story 2

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block,Concrete,Stucco

New Construction false

Others

Ownership Fee Simple

Acceptable Financing Cash, Commercial Financing

Listing Terms Cash, Commercial Financing

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8555883

Stellar MLS
© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by Georgette Gillis VIEWPOINT REALTY INTERNATIONAL

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Jeyte Gilson

Jeyte Gilson

Agent License ID: 671792

+1(352) 563-8023

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7025 HIBISCUS AVE S