5113 28th Ave S - Apartments FOR SALE


South Pasadena, FL 33707
$950,000 USD
727-641-7771
5113 28th Ave S, South Pasadena, FL for Sale
$950,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

5113 28th Ave S
South Pasadena, FL 33707


HIGHLIGHTS

  • Includes two 1-bedroom/1-bath units in the front building and one 1-bedroom/1-bath plus one 2-bedroom/1-bath unit in the rear building.
  • Two front units are currently leased to stable tenants; one rear unit is available for new occupancy.
  • Mix of 1- and 2-bedroom units attracts a diverse tenant base and maximizes rental opportunities.
  • Quiet residential neighborhood near shopping, dining, schools, public transit, and Gulf Coast beaches.
  • Offers outdoor space for tenant enjoyment and added appeal.
  • Updated features and easy-to-manage units make this property an ideal addition to any portfolio.

OVERVIEW

Unique Investment Opportunity: Quadruplex for Sale in Gulfport, FL Presenting a rare and lucrative investment opportunity in Gulfport, Florida! This well-maintained quadruplex offers a mix of spacious 1-bedroom and 2-bedroom units, with a desirable layout that provides rental income potential on each floor. Located in a quiet, residential neighborhood, this property is ideal for investors looking to add a multifamily asset to their portfolio. Property Features: • Four Separate Units: o Two 1-Bedroom, 1-Bath Units on the ground floor at the front of the property. o For the back bldg there is One 1-Bedroom, 1-Bath Unit on the ground floor and One 2-Bedroom, 1-Bath Unit on the second floor. o For the back bldg there is One 1-Bedroom, 1-Bath Unit on the ground floor and One 2-Bedroom, 1-Bath Unit on the second floor • Rented: Both front units are currently occupied with stable tenants, providing immediate rental income from day one. One back unit is currently available for rental! • Flexible Layout: The combination of 1-bedroom and 2-bedroom units allows for a diverse tenant base and strong rental demand in the area. • Flexible Layout: The combination of 1-bedroom and 2-bedroom units allows for a diverse tenant base and strong rental demand in the area • Prime Location: Situated in a peaceful residential neighborhood, this property is just a short drive from shopping, dining, public transportation, schools, and the stunning Gulf Coast beaches. • Prime Location: Situated in a peaceful residential neighborhood, this property is just a short drive from shopping, dining, public transportation, schools, and the stunning Gulf Coast beaches • Spacious Grounds: The property sits on a large lot with a shared backyard, providing tenants with space for outdoor activities and enjoyment. • Spacious Grounds: The property sits on a large lot with a shared backyard, providing tenants with space for outdoor activities and enjoyment • Low Maintenance: This quadruplex has been well-kept, with updated features and easy-to-manage units, making it a great addition to any investor's portfolio. This unique quadruplex in Gulfport offers both immediate rental income and long-term investment potential. The diverse mix of unit sizes, combined with its sought-after location, ensures high demand from prospective tenants. Don’t miss out on this exceptional investment opportunity!

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$352 USD /SF

# OF UNITS

4

PRICE/UNIT

$237,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

-

APN/PARCEL ID

33-31-16-93960-002-0210

ASK ABOUT THIS PROPERTY

Tom SteckCentury 21 Real Estate ChampionsMore Info
727-641-7771

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Tom SteckCentury 21 Real Estate ChampionsMore Info
727-641-7771

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.