$825,000 list price
location_onSOUTH PASADENA, FL 33707 · Pinellas County
Introducing a rare opportunity for an owner-occupant or individual investor in desirable South Pasadena. This solid concrete-block 4-plex w/2 car garqage is ideally positioned directly across from Boca Ciega Bay, with Unit #1 offering water views and the unique flexibility to be occupied by a new owner or held open for additional rental income.The property has been recently renovated and fully remediated following Hurricane Helene, with updates completed to current building standards and code, providing peace of mind and long-term durability. Three of the four units are currently occupied, creating immediate cash flow, while the vacant waterview unit allows for personal use, premium rental positioning, or a blended live-in investment strategy.Each residence features a spacious 1-bedroom, 1-bath layout with durable vinyl plank flooring throughout and an open living and kitchen design that feels light, functional, and easy to maintain. All four units are equipped with new air-conditioning systems and updated electrical, further reducing future capital expenses for the next owner.From an investment standpoint, the property delivers a strong, stable cap rate with meaningful upside potential, particularly through improved rent positioning and utilization of the waterview unit. Utilities are efficiently structured with four separate electric meters and a shared water meter.The larger waterview unit (#1) benefits from private parking and a private rear entrance with alley access, offering added privacy and convenience and making it especially appealing as an owner-occupied residence if desired. The property also includes a large attached 2-car garage, accessible from both the courtyard and the rear alley.The 30-day minimum rental period provides notable flexibility and creates a clear opportunity to reposition the property toward seasonal or mid-term rentals, which may significantly increase rental income and materially improve the overall cap rate compared to traditional long-term leasing. Buyer and buyer’s agent to independently verify all material facts, including but not limited to minimum rental periods, zoning, future use, income potential, square footage, permitting, and compliance with all local, city, and county regulations. DO NOT DISTURB TENANTS
Appliances
Flooring
Cooling
Heating
Construction
Roof
Parking
Shawn Dunn
GULFSIDE REALTY SALES
GULFSIDE REALTY SALES
727-826-0001
