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$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.

Pasadena On The Gulf Sec C SubDv. ⋅ 33707 Zip Code

7025 Hibiscus Avenue S, South Pasadena

$2,395,000

Virtually Staged. Under Construction. Experience elevated luxury coastal living in this exceptional new construction duplex residence at 7045 Hibiscus Ave in highly desirable South Pasadena. Thoughtfully designed for today’s discerning buyer, each expansive residence offers approximately 2,200 square feet of sophisticated interior living space plus an incredible 800-square-foot private rooftop terrace designed for entertaining, sunset gatherings, and enjoying Florida’s year-round outdoor lifestyle.Each 3-bedroom, 3-bath residence features private elevator access, a spacious open-concept floor plan, soaring ceilings, premium designer finishes, impact-rated windows and doors, and seamless indoor-outdoor flow. The chef-inspired kitchen is expected to showcase high-end cabinetry, premium appliances, elegant countertops, and an oversized island ideal for both everyday living and entertaining.The luxurious primary suite is designed as a true retreat with spa-inspired bath accommodations, generous walk-in closets, and refined modern detailing throughout. Private oversized 2-car garages with bonus storage/flex space provide exceptional functionality rarely found in coastal luxury living.Built to current construction standards with elevated design principles for enhanced resilience, efficiency, and peace of mind, this exceptional property offers the advantages buyers are increasingly seeking in newer coastal construction.Perfectly positioned just minutes from award-winning Gulf beaches, vibrant dining, marinas, shopping, downtown St. Petersburg, and easy Tampa access, this is a rare opportunity to own a brand-new luxury coastal residence in one of Pinellas County’s most desirable waterfront communities.Pre-construction opportunities may allow early buyers the ability to explore finish selections and customization options. Back Yard Pool package and terrace swim spa optional. Optional rear garage door or sliding glass door. ** The AI generated backgrounds in exterior renderings are not exact, but give a close repesentation of the surroundings.

6 Beds ⋅ 6 Baths ⋅ Pasadena On The Gulf Sec C SubDv. ⋅ 33707 Zip Code

7045 Hibiscus, South Pasadena