Twelve Oaks is an 11-unit multifamily property in the heart of Gulfport, FL, offering a versatile mix of studios, one-, two-, and three-bedroom units. Recently undergoing a full gut rehab, the property boasts modern finishes including PVC plumbing, mini-split A/C, repaved parking, storage units, onsite laundry, and fully renovated interiors with granite countertops, white shaker cabinets, tile backsplashes, and vinyl flooring. With current average rents at $1,340 and pro forma rents projected at $1,455, Twelve Oaks presents a significant value-add opportunity with over $115 in potential monthly rental upside per unit.
Ideally located just minutes from St. Pete Beach, Treasure Island, and John’s Pass, residents enjoy convenient access to nearby retail including Walgreens, Walmart, Aldi, and Publix. The property is also only 6.2 miles from downtown St. Petersburg, close to major employers such as St. Anthony’s Hospital, Johns Hopkins All Children’s Hospital, Bayfront Health, the University of South Florida – St. Pete Campus, and Tropicana Field.