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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.
| DAYS ON MARKET | 14 | LAST UPDATED | 10/9/2026 |
|---|---|---|---|
| TRACT | PASADENA ON THE GULF SEC C | YEAR BUILT | 1974 |
| COMMUNITY | 33707 - St Pete/South Pasadena/Gulfport/St Pete Bch | COUNTY | Pinellas |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Oct 9, '26 | $2,937,456 |
|---|---|
| Oct 9, '26 - Today | $2,833,525 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 33707 - St Pete/South Pasadena/Gulfport/St Pete Bch |
| CONSTRUCTION | Block, Concrete, Stucco |
| HEAT | Central |
| LOT | 0.34 acre(s) |
| LOT DIMENSIONS | 85x176 |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | PASADENA ON THE GULF SEC C |
| TAXES | 22370.64 |
| UTILITIES | Electricity Available, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Georgette Gillis, VIEWPOINT REALTY INTERNATIONAL, 727-584-7355
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 10/23/26 9:56 AM PDT.
This IDX solution is (c) Diverse Solutions 2026.