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… Read More (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 Read Less
Courtesy of SELLSTATE COASTAL REALTY 813-940-0101
Listing Snapshot
Days Online
0
Last Updated
Property Type
Half Duplex
Beds
1
Full Baths
1
Square Ft.
2,124
Lot Size
0.21 Acres
Year Built
1966
MLS Number
TB8493099
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Cooktop, Dishwasher, Microwave, Other equipment: Private Entrance
Building
Built in 1966, Living area: 2124, Living area units: Square Feet, Building faces West, 1 storey, Levels: One, Construction Materials: Block, Stucco
Cooling
Mini-Split Unit(s)
Exterior Features
Private Entrance
Floors
Laminate
Foundation
Slab
Heating
Ductless
Interior Features
Primary Bedroom Main Floor
Laundry
None
Lot
0.21 acres, Dimensions: 60x150
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: A-08-30-18-3XJ-000020-00009.1, Public Survey Range: 18, Public Survey Section: 08, Annual Amount: $7,436.49, Tax Block: 20, Tax Book Number: 10-30, Legal Description: BAYBRIDGE REVISED W 60 FT OF E 80 FT OF LOT 9 BLOCK 20, Lot: 9, Year: 2025, Zoning: RM-16
Utilities
Cable Connected
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