UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,713 sqft
Price per Sqft $442
Subdivision North Park Annex
MLS Listing ID TB8483186
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1925
Annual Tax Amount $11,096
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 45x122
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
Prime multifamily investment opportunity in the rapidly expanding Tampa market. This 4-unit property presents investors with a rare chance to acquire a stabilized asset with significant upside through repositioning into short-term rentals (Airbnb/VRBO), furnished rentals, or corporate housing.
Each unit offers an ideal layout for short-term guests, traveling professionals, or extended-stay tenants. Tampa's strong tourism industry, year-round events, and growing population continue to drive exceptional demand for short-term accommodations, creating a powerful income optimization opportunity for investors.
Strategically located with convenient access to Downtown Tampa, Raymond James Stadium, Midtown, Ybor City, Tampa International Airport, and major highways, the property is well positioned to attract both leisure and business travelers.
Investors have the ability to operate as traditional multifamily or reposition units to short-term rentals to unlock significantly higher revenue potential, with projected performance supporting an estimated cap rate exceeding 10 + after value-add improvements and optimized short-term rental operations.
Investment Highlights
• 4-unit multifamily property
• Strong value-add opportunity
• Ideal for Airbnb / VRBO / furnished rentals
• High-demand Tampa rental market
• Excellent location near major attractions and employment hubs
• Projected double-digit cap rate potential after value-add
This is an excellent opportunity for investors seeking to reposition a multifamily asset into a high-performing short-term rental property in one of Florida's fastest-growing markets.
Location
State FL
County Hillsborough
Community North Park Annex
Area 33604 - Tampa / Sulphur Springs
Zoning SH-RS
Interior
Interior Features Ceiling Fans(s), High Ceilings
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Tile, Wood
Furnishings Unfurnished
Fireplace false
Appliance Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Washer
Laundry Laundry Room
Exterior
Exterior Feature Awning(s), Balcony, Rain Barrel/Cistern(s), Rain Gutters, Storage
Utilities Available Cable Available, Natural Gas Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Story 2
Entry Level Two
Foundation Crawlspace, Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Unit Floor 2
Structure Type Wood Siding
New Construction false
Others
Senior Community No
Ownership Fee Simple
Membership Fee Required None
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8483186
