236 W NORTH ST, TAMPA, FL, 33604
$998,000
Residential Income
|
Bedrooms
28
|
Bathrooms
20
|
Living Area
2,713 Sqft
|
Lot Size
5,490 Sqft
|
Located in the heart of Old Seminole Heights, one of Tampa's most vibrant and sought after historic neighborhoods, this exceptional four unit property presents a rare opportunity for investors and owner occupants alike. Whether you're looking to expand your portfolio with a high performing income property or take advantage of the ultimate house hack opportunity, this versatile quadplex offers immediate income with exceptional long term upside.
The property features four thoughtfully configured units, including Unit A, a vacant 2 bedroom, 2 bathroom residence, Unit B, a 1 bedroom, 1 bathroom unit currently operating as a successful Airbnb, Unit C, a leased 2 bedroom, 1 bathroom unit, and Unit D, a leased 2 bedroom, 2 bathroom unit. The vacant Unit A provides the unique opportunity to purchase the property as your primary residence while generating income from the remaining units, allowing you to offset your mortgage and build equity through one of today's most desirable investment strategies.
Currently operating under a hybrid rental model, the property combines the stability of long term leases with the increased earning potential of short term rentals. Units C and D provide consistent annual rental income, while the Airbnb operation in Unit B creates additional cash flow and flexibility. Investors also have the opportunity to further maximize returns through rental optimization, furnished executive rentals, or expanded short term rental operations, subject to local regulations.
Positioned on a prominent corner lot, this property places you just moments from the neighborhood's renowned restaurants, breweries, coffee shops, and local favorites that have made Old Seminole Heights one of Tampa's most desirable places to live and invest. With convenient access to Downtown Tampa, Ybor City, Armature Works, Midtown Tampa, Raymond James Stadium, Tampa International Airport, I 275, and the Hillsborough River, the location continues to drive strong demand from both long term residents and short term visitors.
Properties offering this combination of owner occupant flexibility, immediate cash flow, and future value add potential in Old Seminole Heights are rarely available.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8521848 | Year Built: | 1925 | |
| Construction Materials: | Frame | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Hillsborough | |
| Exterior Features: | Lighting | Fireplace Features: | Wood Burning | |
| Foundation Details: | Crawlspace | Heating: | Electric | |
| Laundry Features: | Common Area, Laundry Room | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional | Property Sub Type: | Quadruplex | |
| Property Type: | Residential Income | Road Surface Type: | Brick, Concrete | |
| Roof: | Shingle | Sewer: | Public Sewer | |
| Showing Requirements: | 24 Hour Notice, Appointment Only, ShowingTime | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Electricity Connected | Water Source: | Public | |
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