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Turnkey 4-Unit Investment | STR Approved | Great Opportunity Exceptional income-producing 4-unit multifamily property located in a highly desirable rental corridor, offering immediate cash flow and strong upside potential. Built in 1966 with solid concrete block construction, this property features 2,124 SF of heated space on a 9,000 SF lot (RM-16 zoning)"”ideal for continued short-term rental use or long-term hold strategy. Each unit is efficiently laid out as 1 bed / 1 bath, making it highly attractive for both short-term rental (Airbnb/VRBO) and traditional tenants. The property is already positioned for STR income generation, making it a true turnkey investment. ?? Investment Highlights: "¢ Asking Price: $850,000 "¢ Projected Cap Rate: 8.7 "¢ Net Operating Income (NOI): ~$73,950/year "¢ Estimated Gross Income: ~$105,000+/year (STR optimized) "¢ Low-maintenance concrete block construction "¢ Individually rentable units = diversified income stream ?? Property Features: "¢ Concrete block exterior + stucco finish "¢ Gable/hip roof with asphalt shingles "¢ Wood flooring & drywall interiors "¢ 4 total units (multifamily layout) "¢ On-site additional storage (shed) "¢ Functional layout ideal for maximizing nightly rates ?? Location & Upside: Situated in a high-demand rental area with strong tourism and local workforce demand, this property offers: "¢ Immediate STR income potential "¢ Value-add through interior upgrades or branding "¢ Ability to increase ADR and occupancy with professional management "¢ Long-term appreciation in a growing Tampa submarket
| DAYS ON MARKET | 8 | LAST UPDATED | 4/9/2026 |
|---|---|---|---|
| TRACT | BAYBRIDGE REV | YEAR BUILT | 1966 |
| COMMUNITY | 33611 - Tampa | COUNTY | Hillsborough |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| APPLIANCES | Cooktop, Dishwasher, Microwave |
|---|---|
| AREA | 33611 - Tampa |
| CONSTRUCTION | Block, Stucco |
| EXTERIOR | Private Entrance |
| HEAT | Ductless |
| LOT | 9148 sq ft |
| LOT DIMENSIONS | 60x150 |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | BAYBRIDGE REV |
| TAXES | 7436.49 |
| UTILITIES | Cable Available, Cable Connected |
| WATER | None |
MORTGAGE CALCULATOR
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Listing provided by Eriola Goldman, SELLSTATE COASTAL REALTY, 813-940-0101
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 4/14/26 8:17 AM PDT.
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