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4511 & 4513 West Mcelroy Avenue, TAMPA, FL – $1,850,000

  • $1.9M Price
  • 4,248 Sqft
  • .42 Acres
  • 45 DOM
  • $1.9M Price
  • 4,248 Sqft
  • .42 Acres
  • 45 DOM

4511 & 4513 West Mcelroy Avenue

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) **

Essential Information

  • MLS® #T3516682
  • Price$1,850,000
  • Bathrooms0.00
  • Square Footage4,248
  • Acres0.42
  • Year Built1966
  • TypeResidential Income
  • Sub-TypeMulti-Family
  • StatusActive

Community Information

  • AreaTampa
  • SubdivisionBAYBRIDGE REV
  • CityTAMPA
  • CountyHillsborough
  • StateFL
  • Zip Code33611

Address

4511 & 4513 West Mcelroy Avenue

Interior

  • AppliancesMicrowave, Range, Refrigerator
  • HeatingElectric
  • CoolingMini-Split Unit(s)

Interior Features

Ceiling Fans(s), Solid Surface Counters

Exterior

  • Exterior FeaturesDog Run
  • RoofShingle
  • FoundationSlab

Additional Information

  • Date ListedApril 5th, 2024
  • Days on Market45
  • ZoningRM-16
  • Taxes$13,067
  • HOA Fees$0

Listing Details

  • OfficeSELLSTATE LEGACY REALTY
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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on May 20th, 2024 at 3:49am EDT.