The South Pasadena Florida Apartments is conveniently located just south of the intersection of Pasadena and Central Avenues, in the City of South Pasadena, which borders St. Petersburg, Gulfport, St. Pete Beach, Treasure Island, and Sunset Beach. Pass-A-Grille Beach and Madeira Beach are also nearby. Retail centers in the area include Walmart Market anchored Pasadena Shopping Center, and Dillard’s / Macy’s anchored Tyrone Square. Visitors from around the globe enjoy the area’s lifestyle, shopping, restaurants, world-class beaches, parks, and boating. The Property is situated on a spacious corner lot at the intersection of Date Palm and Pasadena Avenues, and consists of two efficiency and three one-bedroom units. The pro-forma contemplates a one-bedroom unit with adjacent storage room is converted to a two-bedroom unit, and the common area laundry facility is operational. Units are separately metered for electricity, paid by tenants. There is one meter for water/sewer, paid by the landlord. This offering represents a unique opportunity to acquire a stable, high quality, and rarely offered five-unit South Pasadena Florida multifamily asset, featuring high-occupancy with proximity to downtown St. Petersburg and the Gulf of Mexico beaches. Financial data is presented for information purposes only; though obtained from sources believed to be reliable it is not guaranteed. Independent legal and financial counsel is advised.
