4513 W MCELROY AVE, TAMPA, FL, 33611
$795,000
Residential Income
|
Living Area
2,124 Sqft
|
Lot Size
9,000 Sqft
|
**TURNKEY 4-UNIT INVESTMENT OPPORTUNITY IN SOUTH TAMPA!** Located in a highly desirable South Tampa rental corridor, this property presents 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 got a full roof replacement 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. Even though this property is located in a flood zone, it never flooded with all the recent storms or hurricanes, as well as, has an extremely affordable flood insurance policy.
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 Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8544449 | Year Built: | 1966 | |
| Construction Materials: | Block | Cooling: | Mini-Split Unit(s) | |
| Country: | US | County Or Parish: | Hillsborough | |
| Exterior Features: | Basketball Court, Dog Run, Fence, Fire Pit, Lighting, Outdoor Grill, Private Mailbox, Sidewalk | Foundation Details: | Slab | |
| Heating: | Other | Laundry Features: | None | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional, FHA, VA Loan | |
| Occupant Type: | Vacant | Other Equipment: | Basketball Court, Fire Pit | |
| Property Sub Type: | Quadruplex | Property Type: | Residential Income | |
| Road Surface Type: | Paved | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Public | |
| Water Source: | Public | |||
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