BEDS8
BATHS
SQUARE FEET4,248
MLS#TB8460520
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBAYBRIDGE REV
Property Description
Experience a rare opportunity to acquire an 8-unit income-producing portfolio in highly-desirable South Tampa. Located minutes to downtown Tampa, world-class beaches, Tampa International Airport, MacDill AFB, major hospitals, shopping and dining - this property offers an exceptional blend of location, stability and long-term growth potential.The portfolio consists of eight well-maintained 1-bedroom residences, currently operated as mid-term rentals (30-180 day occupancies) catering to professionals, relocating residents, medical staff, military, executives and seasonal guests. This strategy has delivered strong occupancy and consistent revenue performance, with lower turnover and reduced wear compared to nightly rentals.This asset is ideal for passive investors, 1031 exchange buyers, private equity groups or wealth-building portfolio owners seeking reliable income in one of Florida's most resilient rental markets. The property is positioned for continued performance with stable demand drivers and long-term appreciation trends in South Tampa.Opportunities like this are rarely available - an entire stabilized portfolio in one of the most sought-after submarkets in the Tampa Bay region.Shown by appointment only. Please do not disturb residents.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Mini-Split Unit(s)
Heating: Electric
Lot Size: 0.42 Acres
Roof Type: Shingle
Taxes: $7,143
Year Built: 1966
Amenities
Other
Window Treatments
Basketball Court
Courtyard
Dog Run
Outdoor Grill
Feature Descriptions
Annual Net Income: 215000.00
Appliances: Cooktop, Dishwasher, Disposal, Microwave
Days on Site: 34
Directions: South on Westshore, cross over Gandy, turn east on next street behind Walgreens W. McElroy Ave, Complex on the left side 3 blocks down.
Exterior: Block
Flood Zone Code: AE
Foundation: Block
Home Warranty Y/N: No
Lease Terms: 6-12 Month
Lot Dimensions: 0.42
Other Equipment: Basketball Court
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Call Before Showing, Call Listing Agent
Special Sale Provisions: None
Units: 8
Utilities: Cable Available
Water: Public
Water Access Y/N: No
Zoning: RM-16
Listed By / Shown By
Listed By
Agency Name: SELLSTATE COASTAL REALTY
Agency Contact: 813-940-0101
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 5,252.13 per month $4,117.30 Principal & Interest $595.25 Property Tax $539.58 Homeowner's InsuranceChange Payment Information
4511 - 4513 W Mcelroy Avenue | MLS# TB8460520
This multi-family property located at 4511 - 4513 W Mcelroy Avenue, Tampa, FL 33611 is currently listed for sale with an asking price of $1,850,000. Search Tampa real estate on www.realtymarkllc.com today.