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$825,000

4511 W Mcelroy Avenue Tampa, FL 33611 Multi Unit - Multiple Active

  • 4511 W Mcelroy Avenue , Tampa, FL 33611 Main Photo

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Description

**TURNKEY 4-UNIT INVESTMENT OPPORTUNITY IN SOUTH TAMPA!** Located in a highly desirable South Tampa rental corridor, this propertypresents an exceptional opportunity for investors seeking a versatile income-producing asset with multiple rental strategies. This well-positioned multifamily property features **four 1-bedroom, 1-bath units**, providing a diversified income stream while maintaining efficient and highly desirable floor plans while being built with solid concrete block construction. Each unit is separately rentable, making the property well suited for traditional long-term rentals, furnished mid-term rentals, or short-term rental strategies. Also this property features a newer roof, with the full roof replacement that was done in 2022!The property's South Tampa location provides convenient access to major roadways, employment centers, shopping, dining, entertainment, and the area's beaches and waterfront destinations. Its proximity to Westshore, Gandy, and surrounding South Tampa neighborhoods further enhances its appeal to both tenants and investors. For investors, the combination of four individual units at this affordable price in an exclusive area creates an attractive opportunity to acquire and operate a flexible multifamily asset. Whether you're looking for immediate rental income, a long-term hold, or additional upside through optimized management and rental strategy, this property offers a compelling investment platform in one of Tampa's most established markets. Multiple rental strategy options Strong demand for smaller residential units Convenient access to Westshore, Gandy and major Tampa thoroughfares Excellent opportunity for investors seeking income and long-term appreciation potential

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Mini-Split Unit(s)
Heating: Other
Lot Size: 0.21 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $7,460
Year Built: 1966

General Information

Bedrooms: 4
Sqft: 2,124
County: Hillsborough
Subdivision: BAYBRIDGE REV
Listed By:
Taylor Cresswell SELLSTATE COASTAL REALTY 813-940-0101

Amenities

Ceiling Fans(s)
Basketball Court
Dog Run
Fence
Lighting
Outdoor Grill

Property Features

Annual Net Income: 86400.00
Directions: South on Westshore, cross over Gandy, turn east on next street behind Walgreens W. McElroy Ave, Complex on the left side3 blocks down
Exterior: Block
Flood Zone Code: AE
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.21
Other Equipment: Basketball Court
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Lock Box Electronic, ShowingTime
Special Sale Provisions: None
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: RM-16
$825,000
4beds
2,124sqft
New to the Market Active
BEDS4 BATHS SQUARE FEET2,124 MLS#TB8544469
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONBAYBRIDGE REV

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4511 W Mcelroy Avenue , Tampa, FL 33611.

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Estimated Payment

$ 3,644.88 per month $2,782.59 Principal & Interest $621.67 Property Tax $240.63 Homeowner's Insurance

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