BEDS1
BATHS1 full
SQUARE FEET2,124
MLS#TB8493099
STATUSActive
PROPERTY TYPEResidential -
SUBDIVISIONBAYBRIDGE REV
Property Description
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
Property Features
Property Type: Residential -
Cooling: Mini-Split Unit(s)
Heating: Ductless
Lot Size: 0.21 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $7,436
Year Built: 1966
Amenities
Primary Bedroom Main Floor
Private Entrance
Feature Descriptions
Appliances: Cooktop, Dishwasher, Microwave
Days on Site: 7
Directions: From I-275, take Exit 42 toward Armenia Ave. Head south on N Armenia Ave, then turn right onto W Bay to Bay Blvd. Continue west and turn left onto S Manhattan Ave. Turn right onto W McElroy Ave â?? property will be on your left.
Exterior: Block, Stucco
Flood Zone Code: AE
Flooring: Laminate
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, Other
Lot Dimensions: 0.21
Other Equipment: Private Entrance
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Half Duplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice
Special Sale Provisions: None
Utilities: Cable Connected
Water: None
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: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 2,759.31 per month $1,891.73 Principal & Interest $619.67 Property Tax $247.92 Homeowner's InsuranceChange Payment Information
4513 W Mcelroy Avenue | MLS# TB8493099
This home located at 4513 W Mcelroy Avenue , Tampa, FL 33611 is currently listed for sale with an asking price of $850,000. This property was built in 1966 and has 1 bedrooms and 1 full baths with 2124 sq. ft. W Mcelroy Avenue is located in the BAYBRIDGE REV subdivision. Search BAYBRIDGE REV real estate on www.realtymarkllc.com today.