Twelve Oaks
Closed5301 27th Ave S, Gulfport, FL 33707
Property type
Multifamily
Unit / Space count
11
Price
$1,700,000
Building size
6,505 sf
Rentable area
6,505 SF
Year built
1928
Year renovated
Occupancy
Zoning code
Lot size
0.26 Acres
Sold/status
Sold · Date unknown
Sale price
$1700000
Bedroom count
Property description
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.
Property highlights
- 11-Unit Multifamily Property Located in Gulfport, FL
- Unit Mix Features Studios, 1, 2, & 3 Bedroom Units
- Property Went Through a Full Gut Rehab Including all PVC Plumbing, Mini Split A/C, Repaved Parking Lot, Storage Units, Onsite Laundry Facility, and Fully Renovated Interiors with Granite Counter Tops, White Shaker Cabinets, Tile Backsplash, Vinyl Flooring, Etc.
- Significant Value-Add with $115+ in Average Monthly Rental Upside
- Current Average Lease Rent: $1,340
- Current Average Market Rent: $1,371
- Pro Forma Average Rent: $1,455
- 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)
- Located 6.2 Miles From Downtown St. Petersburg with Major Employers Including St. Anthony’s Hospital, Albert Whitted Airport, University of South Florida - St. Pete Campus, Johns Hopkins All Children’s Hospital, Bayfront Health St. Petersburg, and Tropicana Field