Active

$850,000

Features:
  • 1 Bedrooms
  • 1 Bathrooms
  • 2124 sq ft
Overview
  • ID: MFRTB8493099
  • Bedrooms: 1
  • Bathrooms: 1
  • Size: 2124 sq ft
Property Details
Remarks
Turnkey 4-Unit Investment | STR Approved | Great Opportunity Exceptional income-producing 4-unit multifamily property located in a highly desirable rental corridor, offering immediate cash flow and strong upside potential. Built in 1966 with solid concrete block construction, this property features 2,124 SF of heated space on a 9,000 SF lot (RM-16 zoning)—ideal for continued short-term rental use or long-term hold strategy. Each unit is efficiently laid out as 1 bed / 1 bath, making it highly attractive for both short-term rental (Airbnb/VRBO) and traditional tenants. The property is already positioned for STR income generation, making it a true turnkey investment. ?? Investment Highlights:     •    Asking Price: $850,000     •    Projected Cap Rate: 8.7     •    Net Operating Income (NOI): ~$73,950/year     •    Estimated Gross Income: ~$105,000+/year (STR optimized)     •    Low-maintenance concrete block construction     •    Individually rentable units = diversified income stream ?? Property Features:     •    Concrete block exterior + stucco finish     •    Gable/hip roof with asphalt shingles     •    Wood flooring & drywall interiors     •    4 total units (multifamily layout)     •    On-site additional storage (shed)     •    Functional layout ideal for maximizing nightly rates ?? Location & Upside: Situated in a high-demand rental area with strong tourism and local workforce demand, this property offers:     •    Immediate STR income potential     •    Value-add through interior upgrades or branding     •    Ability to increase ADR and occupancy with professional management     •    Long-term appreciation in a growing Tampa submarket
Financial Considerations
Price:
$850,000
HOA Fee:
N/A
Tax Amount:
$7436.49
Price per SqFt:
$400.19
Tax Legal Description:
BAYBRIDGE REVISED W 60 FT OF E 80 FT OF LOT 9 BLOCK 20
Exterior Features
Lot Size:
9000
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
1
Bathrooms:
1
Heating:
Ductless
Cooling:
Mini-Split Unit(s)
Appliances:
Cooktop, Dishwasher, Microwave
Furnished:
Yes
Floor:
Laminate
Levels:
One
Additional Features
Property Sub Type:
Half Duplex
Style:
N/A
Year Built:
1966
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
West
Pets Allowed:
No
Special Condition:
None
Additional Features:
Private Entrance
Additional Features 2:
N/A
Map
  • Address
    4513 W MCELROY AVE
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