4511 & 4513 W Mcelroy AVENUE Tampa, FL $ 1,850,000
4511 & 4513 W Mcelroy AVENUE
$ 1,850,000
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4511 & 4513 W Mcelroy AVENUE

Tampa, FL, 33611
$ 1,850,000
Baths0.0 Sq 4,248

Monthly Estimate*

$ 12,923

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Studio

Multi-Family Home for sale in Tampa, FL

for $1,850,000. This 4,248 square foot home was built in 1966 on a lot size of 0.42.

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) **

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Multi-Family Active

Price

$ 1,850,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 13,066

Style

Multi Family

Lot Size

0.42

Year Built

1966

Town/City

Tampa

County/Region

Hillsborough

MLS | Web ID

T3516682

Features
General
Interior Features Ceiling Fans(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
Days on Market 0
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
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Interior
Furnished Y/N Furnished
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix AVENUE
Laundry Features None
Total Bedrooms 0
Total Baths 0
Living Area Units Square Feet
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Exterior
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
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* Excluded Features
List By
Sellstate Legacy Realty

Broker

taylor@sellstatelegacy.com

Email

Affordability Calculator

$14,012
Per Month
92%
8%
0%
Monthly Principal & Interest
$12,923
Monthly Property Taxes
$1,089
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/5/2024$1,850,000 Listed Price

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4511 & 4513 W Mcelroy AVENUE, Tampa, FL, 33611 is a Multi-Family Home for sale at $1,850,000 with 4,248 sqft and a lot size of 0.42. 4511 & 4513 W Mcelroy AVENUE is a studio with 0.0 baths and was built in 1966. The property's zip code is 33611 which is in Tampa, FL