5301 S 27th Ave - Apartments FOR SALE


Gulfport, FL 33707
$1,925,000 USD
813-577-3837
5301 S 27th Ave, Gulfport, FL for Sale
$1,925,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

5301 S 27th Ave
Gulfport, FL 33707


HIGHLIGHTS

  • 11-Unit Multifamily Property Located in Gulfport, FL
  • Unit Mix Features Studios, 1, 2, & 3 Bedroom Units
  • Significant Value-Add with $115+ in Average Monthly Rental Upside
  • Conveniently Located 10 Minutes From St. Pete Beach (4.1 Mi), 15 Minutes From Treasure Island Beach (5.6 Mi), and 19 Minutes From John’s Pass (6.9 Mi)
  • Nearby Retailers Include Walgreens (0.7 Mi), Walmart (2.5 Mi), Aldi (4.8 Mi), and Publix (5.8 Mi)

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,925,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

11

PRICE/UNIT

$175,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Twelve Oaks

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

-

APN/PARCEL ID

33-31-16-93942-000-0770,33-31-16-93942-000-0790

ASK ABOUT THIS PROPERTY

Mark SavareseFranklin StreetMore Info
813-577-3837

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

Mark SavareseFranklin StreetMore Info
813-577-3837

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