4511-4513 West McElroy Avenue

Tampa, FL 33611

$1,850,000
Price
—
Beds
4,248 Sq. Ft.
$435 / Sq. Ft.
4,248
Sq. Ft.
$435
per Sq. Ft.

Description

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...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)
  1. Listed by Taylor Cresswell • SELLSTATE LEGACY REALTY

Property Details for 4511-4513 West McElroy Avenue

Subdivision Name
BAYBRIDGE REV
Township
30
Waterfront
No
Furnished
Furnished

Location

Listing Courtesy of SELLSTATE LEGACY REALTY, Taylor Cresswell
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LISTING UPDATED: 04/05/2024 05:21 AM

Property Details for 4511-4513 West McElroy Avenue

StatusActive
MLS #T3516682
Days on Market26
Taxes$13,067 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1966
Lot Size0.41 AC / 18,000 SF
CountyHillsborough County

Location

Listing Courtesy of SELLSTATE LEGACY REALTY, Taylor Cresswell
Add your commute

Building Information for 4511-4513 West McElroy Avenue

Stories-Residences8Year Built1966Building Size-Lot Size0.41 AC / 18,000 SF

Payment Calculator

$11,185 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$1,089

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4511-4513 West McElroy Avenue

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 4528.0
  • Building Area Units: Square Feet
  • Directions: Go South On Dale Mabry & Take A Left Onto Gandy Blvd. Turn Left On Manhattan & Then Your First Right Onto McElroy Ave. The property will be on your right hand side (2 Buildings: 4511 & 4513).
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: Yes
  • Street Number: 4511 & 4513
  • Street Direction Prefix: W
  • Street Name: MCELROY
  • Street Suffix: AVENUE
  • State: FL
  • City: TAMPA
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 20
  • Tax Book Number: 10-30
  • Tax Legal Description: BAYBRIDGE REVISED E 20 FT OF LOT 9 AND W 40 FT OF LOT 10 BLOCK 20
  • Tax Lot: 9
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels Description: A-08-30-18-3XJ-000020-00009.1
  • Additional Parcels: Yes
  • Lot Size Dimensions: 120x150
  • Parcel Number: A-08-30-18-3XJ-000020-00009.3
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 2
  • Water Access: No
  • Water Extras: No
  • Zoning: RM-16
  • Living Area: 4248
  • Lot Dimensions: 120x150
Property and Assessments
  • Year Built Numeric: 1966
  • Flood Zone Code: AE
  • New Construction: No
  • Number Of Lots: 2
  • Property Attached: Yes
  • Property Condition: Completed
  • Public Survey Range: 18
  • Public Survey Section: 08
Utilities
  • Sewer: Public Sewer
  • Utilities: Public
  • Water Source: Public
  • Num Water Meters: 2.0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block
  • Exterior Features: Dog Run
  • Foundation Details: Slab
  • Other Structures: Kennel/Dog Run
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 0
  • Appliances: Microwave, Range, Refrigerator
  • Cooling: Mini-Split Unit(s)
  • Fireplace: No
  • Heating: Electric
  • Interior Features: Ceiling Fans(s), Solid Surface Counters
  • Laundry Features: None
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $192,172.00
  • Gross Income: $295,650

Property History for 4511-4513 West McElroy Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4511-4513 West McElroy Avenue

This home is within Hillsborough.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Anderson Elementary School
PublicPK to 5

Madison Middle School
Public6 to 8

Robinson High School
Public9 to 12

Monroe Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4511-4513 West McElroy Avenue is a multi-family home for sale in Tampa, FL 33611. This property was listed for sale on April 5, 2024 by SELLSTATE LEGACY REALTY, it's currently listed at $1,850,000. This listing's school district is Hillsborough. Nearby schools include Anderson Elementary School, Madison Middle School and Robinson High School. 4511-4513 West McElroy Avenue is a 0-bed, 0-bath, 4,248 sqft multi-family home built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SELLSTATE LEGACY REALTY, Taylor Cresswell

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 04/05/2024 05:21 AM