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$1,200,000

236 W North Street Tampa, FL 33604 Residential - Single Family Active

  • 236 W North Street, Tampa, FL 33604 Main Photo

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Description

Value-Add Quadplex with Short-Term Rental Upside - Tampa Investment OpportunityPrime 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-addThis 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.

Property Highlights

Property Type: Residential - Single Family
Cooling: Central Air, Wall/Window Unit(s)
Heating: Central
Lot Size: 0.13 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $11,096
Year Built: 1925

General Information

Bedrooms: 6
Bathrooms: 4 Full
Sqft: 2,713
County: Hillsborough
Subdivision: NORTH PARK ANNEX
Listed By:
Eriola Goldman SELLSTATE COASTAL REALTY 813-940-0101

Amenities

Ceiling Fans(s)
High Ceilings
Awning(s)
Balcony
Rain Barrel/Cistern(s)
Rain Gutters
Storage

Property Features

Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Washer
Days on Site: 91
Directions: Directions    1.    Start in Downtown Tampa heading north on N Florida Ave.    2.    Continue straight on N Florida Ave for about 3.5 miles.    3.    Turn left onto W North St.    4.    Continue for a short distance â?? 236
Exterior: Wood Siding
Flood Zone Code: x
Flooring: Tile, Wood
Foundation: Crawlspace, Slab
Home Warranty Y/N: No
Lot Dimensions: 0.13
Other Equipment: Irrigation Equipment
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Call Listing Agent
Special Sale Provisions: None
Utilities: Cable Available, Natural Gas Connected
Water: Public
Water Access Y/N: No
Zoning: SH-RS
$1,200,000
6beds
4.0baths
2,713sqft
Active
BEDS6 BATHS4 full SQUARE FEET2,713 MLS#TB8483186
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONNORTH PARK ANNEX

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236 W North Street, Tampa, FL 33604.

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Estimated Payment

$ 5,322.07 per month $4,047.40 Principal & Interest $924.67 Property Tax $350.00 Homeowner's Insurance

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