Address
4511 & 4513 W Mcelroy AVENUE, TAMPA, FL
Price
$ 1,850,000
Property Attributes
- MLS#T3516682
- TypeIncome
- CountyHILLSBOROUGH
- CityTAMPA
- AreaTampa
- NeighborhoodBaybridge Rev
- Zip33611
- StyleMulti Family
- Year Built1966
- Taxes$ 13066
- Price$ 1,850,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4248
- Lot Size0.42 Acres
Data Source:
Stellar MLS
Property Description
Welcome to this prime investment opportunity in the highly sought-after South Tampa neighborhood, just down the street from the all new Westshore Marina District! This property presents a great venture for investors with all eight units meticulously designed and currently operating as short-term rentals, this property offers a blend of modern comfort and convenience in a desirable setting. Nothing was overlooked in any unit with all eight units being completely renovated to meet modern standards with custom touches and luxurious amenities. Everything from the custom accent walls, LED bathroom mirrors to additional exterior upgrades to now even include the private dog park. Nestled in such a great area, this property enjoys high demand from travelers, tourists, and business professionals alike, ensuring consistent occupancy rates and impressive rental income potential. The close proximity to key attractions, entertainment venues, dining establishments, and major transportation hubs, guests are afforded easy access to everything the area has to offer. Each unit boasts contemporary finishes, stylish furnishings, and an array of amenities designed to provide guests with an unparalleled stay experience. From fully-equipped kitchens and spacious living areas to cozy bedrooms and sleek bathrooms, every detail has been thoughtfully curated to exceed expectations and foster positive reviews. Investors will appreciate the turnkey nature of this property, with already a proven track record of profitability. Whether you're a seasoned investor looking to expand your current multifamily portfolio or a newcomer in the short term rental space thats seeking a promising entry into the Tampa Bay market, this property presents an exceptional opportunity with growth for long-term success. Make sure to take a look at this prime real estate in a thriving market & unlock the potential of this great property! **PLEASE NOTE: 2024 OWNER STATEMENTS ONLY REFLECT 6 UNITS (FEBRUARY $19,610.84 & MARCH $21,547.46) **
| Price History | |
|---|---|
| 4/5/2024 | Listed $1,850,000 |
General Features
| Interior Features | Ceiling Fan(s),Solid Surface Counters |
|---|---|
| Sewer | Public Sewer |
| Heating | Electric |
| Cooling | Mini-Split Unit(s) |
| Utilities | Public |
| Roof | Shingle |
| Appliances | Microwave,Range,Refrigerator |
| Exterior Features | Dog Run |
| Zoning | RM-16 |
| Patio/Porch Features | Patio |
| Construction Materials | Block |
| Year Built | 1966 |
| Property SubType | Multi Family |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| County | Hillsborough |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Subdivision Name | BAYBRIDGE REV |
| Garage Y/N | No |
| Other Structures | Kennel/Dog Run |
| Status | Active |
| Directions | Go South On Dale Mabry & Take A Left Onto Gandy Blvd. Turn Left On Manhattan & Then Your First Right Onto McElroy Ave. The property will be on your right hand side (2 Buildings: 4511 & 4513). |
| City | TAMPA |
| Buyer Agent Compensation | 2.5% |
| Senior Community Y/N | No |
| Total Units | 8 |
| MLS Area | 33611 - Tampa |
| Lot Size Square Feet | 18000 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Mcelroy |
| Listing Terms | Cash,Conventional |
| Property Attached Y/N | Yes |
| Tax Annual Amount | 13066.84 |
| Property Condition | Completed |
| Public Remarks | Welcome to this prime investment opportunity in the highly sought-after South Tampa neighborhood,just down the street from the all new Westshore Marina District! This property presents a great ventur |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/T3516682 |
| Standard Status | Active |
| Tax Lot | 9 |
| Legal Description | BAYBRIDGE REVISED E 20 FT OF LOT 9 AND W 40 FT OF LOT 10 BLOCK 20 |
| Water Access Y/N | No |
| Water View Y/N | No |
Interior Features
| Furnished Y/N | Furnished |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | AVENUE |
| Laundry Features | None |
| LivingAreaSource | Public Records |
| Living Area Units | Square Feet |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 18000 |
| Foundation Details | Slab |
| Number of Buildings | 2 |
| Building Area Total | 4528 |
| Lot Dimensions | 120 x 150 |
| Lot Size Acres | 0.42 |
| Road Surface Type | Paved |
| Lot Size Units | Square Feet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 33611
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 11, 2024 2:45 PM UTC
