Asking Price
$ 850,000Status
Active4513 W MCELROY AVENUE
TAMPA, FL,33611, BAYBRIDGE REV
Overview
1 Bedrooms
1 Bathrooms
Garage
2,124 sqft
Year Built: 1966
School Nearby
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
Features
Status: Active
Beds: 1
Baths: 1
Square Footage: 2,124 Sq. Ft
HOA Fee: -
Property Type: 1/2 Duplex
MLS Number: TB8493099
Days on Market: -
Year Built: 1966
Lot Size: 60 x 150
County: Hillsborough
Taxes: $7,436.00
Address
4513 W MCELROY AVENUE , TAMPA ,FL
Listing provided by: SELLSTATE COASTAL REALTY, 813-940-0101
Asking Price
$850,000Status
ActiveSimilar Properties
Based on information submitted to the MLS GRID as of 04/09/2026 23:05. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.