Active

$1,200,000

Features:
  • 6 Bedrooms
  • 4 Bathrooms
  • 2713 sq ft
Overview
  • ID: MFRTB8483186
  • Bedrooms: 6
  • Bathrooms: 4
  • Size: 2713 sq ft
Property Details
Remarks
Value-Add Quadplex with Short-Term Rental Upside – Tampa Investment Opportunity Prime multifamily investment opportunity in the rapidly expanding Tampa market. This 4-unit property presents investors with a rare chance to acquire a stabilized asset with significant upside through repositioning into short-term rentals (Airbnb/VRBO), furnished rentals, or corporate housing. Each unit offers an ideal layout for short-term guests, traveling professionals, or extended-stay tenants. Tampa’s strong tourism industry, year-round events, and growing population continue to drive exceptional demand for short-term accommodations, creating a powerful income optimization opportunity for investors. Strategically located with convenient access to Downtown Tampa, Raymond James Stadium, Midtown, Ybor City, Tampa International Airport, and major highways, the property is well positioned to attract both leisure and business travelers. Investors have the ability to operate as traditional multifamily or reposition units to short-term rentals to unlock significantly higher revenue potential, with projected performance supporting an estimated cap rate exceeding 10 + after value-add improvements and optimized short-term rental operations. Investment Highlights • 4-unit multifamily property • Strong value-add opportunity • Ideal for Airbnb / VRBO / furnished rentals • High-demand Tampa rental market • Excellent location near major attractions and employment hubs • Projected double-digit cap rate potential after value-add This is an excellent opportunity for investors seeking to reposition a multifamily asset into a high-performing short-term rental property in one of Florida’s fastest-growing markets.
Financial Considerations
Price:
$1,200,000
HOA Fee:
N/A
Tax Amount:
$11096.61
Price per SqFt:
$442.31
Tax Legal Description:
NORTH PARK ANNEX LOT 577
Exterior Features
Lot Size:
5490
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
6
Bathrooms:
4
Heating:
Central
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Washer
Furnished:
Yes
Floor:
Tile, Wood
Levels:
Two
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1925
Construction Type:
Wood Siding
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
Awning(s), Balcony, Rain Barrel/Cistern(s), Rain Gutters, Storage
Additional Features 2:
None
Map
  • Address
    236 W NORTH ST
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