4513 W McElroy Ave - Apartments FOR SALE


Tampa, FL 33611- Sun Bay South
$850,000 USD
239-464-2510
4513 W McElroy Ave, Tampa, FL for Sale
$850,000 USD
Apartments - FOR SALE
1/34
null | 14.91% Cap Rate

4513 W McElroy Ave
Tampa, FL 33611
Sun Bay South


HIGHLIGHTS

  • 4 UNIT STR
  • TURNKEY
  • GREAT LOCATION

OVERVIEW

Prime investment opportunity in the heart of South Tampa. This well-located 4-unit property offers immediate income potential with significant upside through short-term or mid-term rental optimization. Each unit presents a functional layout ideal for maximizing rental efficiency, making this asset attractive for both seasoned investors and owner-operators. Positioned in a high-demand rental corridor, the property benefits from close proximity to Downtown Tampa, Bayshore Boulevard, major employment hubs, dining, and entertainment. The area continues to experience strong growth, supporting both long-term stability and short-term rental demand. The property is being offered as part of a larger 8-unit asset, now split into two 4-unit buildings, providing flexibility for investors seeking a smaller acquisition or the opportunity to scale by acquiring both. With the right management and strategic upgrades, the property has the potential to significantly increase rental income through short-term rental platforms, corporate housing, or furnished mid-term rentals. Ideal for investors seeking a value-add opportunity in one of Tampa’s most desirable submarkets.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$188 USD /SF

# OF UNITS

4

PRICE/UNIT

$212,500

CAP RATE

14.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

RM-16

APN/PARCEL ID

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

ASK ABOUT THIS PROPERTY

Taylor CresswellSellstate RealtyMore Info
239-464-2510

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Taylor CresswellSellstate RealtyMore Info
239-464-2510

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