4511 - 4513 W Mcelroy Avenue , Tampa, FL 33611

$1,500,000

Property Description

Experience a rare opportunity to acquire an 8-unit income-producing asset in highly-desirable South Tampa neighborhood. Located minutes to MacDill AFB, downtown Tampa, world-class beaches, Tampa International Airport, major hospitals, shopping and dining - this property offers an exceptional blend of location, stability and long-term growth potential. The property consists of eight well-maintained 1-bedroom 1-bathroom residences between two separate buildings. All the major updates have been completed which includes NEW ROOFS on both buildings in 2024. Also all the interiors have been completely updated over the past 12-24 months with brand new kitchens, granite counters, newly tiled bathrooms, updated floors, fresh paint, plus all new fixtures and hardware. This asset is ideal for passive investors, 1031 exchange buyers, private equity groups or wealth-building portfolio owners seeking reliable income in one of Florida's most resilient rental markets. The property is positioned for continued performance with stable demand drivers and long-term appreciation trends in South Tampa. Opportunities like this are rarely available - a great additional to any portfolio in one of the most sought-after submarkets in the Tampa Bay region. Shown by appointment only. Please do not disturb residents.

4511 - 4513 W Mcelroy Avenue | MLS# TB8566978

This multi-family property located at 4511 - 4513 W Mcelroy Avenue , Tampa, FL 33611 is currently listed for sale with an asking price of $1,500,000. Search Tampa real estate on www.myhouseofwindsor.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Mini-Split Unit(s)
Heating: Electric
Lot Size: 0.42 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $13,779
Year Built: 1966
Square Feet: 4,248

Amenities

Ceiling Fans(s)
Solid Surface Counters
Solid Wood Cabinets
Basketball Court
Dog Run

Feature Descriptions

Annual Net Income: 163200.00
Directions: South on Dale Mabry, West on Gandy Blvd, South on Hesperedis Ave, West On W McElroy Ave, The Buildings Will Be On Your Right
Exterior: Block, Brick
Flood Zone Code: AE
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.42
Other Equipment: Basketball Court
Ownership: Fee Simple
Pets Allowed: Cats OK, Dogs OK, Yes
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Text List Agent
Special Sale Provisions: None
Units: 8
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: RM-16

Listed By / Shown By

Listed By

Agency Name: SELLSTATE COASTAL REALTY
Agency Contact: 813-940-0101

Shown By

Agent Name: Hannah Windsor
Agent Phone: (904) 534-6790
Agency Title: Watson Realty Corp., REALTORS ®

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Estimated Payment

$ 9,146.91 per month $7,561.16 Principal & Interest $1,148.25 Property Tax $437.50 Homeowner's Insurance

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