4513 W McElroy Ave - Apartments FOR SALE


Tampa, FL 33611- Sun Bay South
$1,900,000 USD
813-940-0101
4513 W McElroy Ave, Tampa, FL for Sale
$1,900,000 USD
Apartments - FOR SALE
1/49
null | 10.1% Cap Rate

4513 W McElroy Ave
Tampa, FL 33611
Sun Bay South


HIGHLIGHTS

  • Amazing Shared Amenities Include: Private Dog Park, Basketball Court & 3 Hole Mini Golf
  • Prime South Tampa Location, Minutes From The Westshore Marina District
  • ALL Units Completely Updated, Plus A New Roof & New Mini Split Units Installed

OVERVIEW

Welcome to this one of a kind opportunity in this 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. Offering a blend of modern comfort and convenience in a desirable setting, with amazing shared amenities make it a true gem. 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, basketball court, fire pit & 3 hole mini golf set up! 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 in Tampa Bay. 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. Make sure to take a look at this prime real estate in a thriving market & unlock the potential of this great property!

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$431 USD /SF

# OF UNITS

8

PRICE/UNIT

$237,500

CAP RATE

10.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The McElroy Garden Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,779 SF

ZONING

RM-16

APN/PARCEL ID

A-08-30-18-3XJ-000020-00009.1,A-08-30-18-3XJ-000020-00009.3

ASK ABOUT THIS PROPERTY

Taylor CresswellSellstate RealtyMore Info
813-940-0101

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Taylor CresswellSellstate RealtyMore Info
813-940-0101

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.