4513 MCELROY AVENUE TAMPA FL 33611

Overview of 4513 W Mcelroy Ave

Turnkey 4-unit investment | str approved | great opportunity exceptional income-producing 4-unit multifamily property located in a highly desirable rental corridor, offering immediate cash flow and strong upside potential. Built in 1966 with solid concrete block construction, this property features 2,124 sf of heated space on a 9,000 sf lot (rm-16 zoning)—ideal for continued short-term rental use or long-term hold strategy. each unit is efficiently laid out as 1 bed / 1 bath, making it highly attractive for both short-term rental (airbnb/vrbo) and traditional tenants. The property is already positioned for str income generation, making it a true turnkey investment. Investment highlights:     •    asking price: $850,000     •    projected cap rate: 8.7     •    net operating income (noi): ~$73,950/year     •    estimated gross income: ~$105,000+/year (str optimized)     •    low-maintenance concrete block construction     •    individually rentable units = diversified income stream Property features:     •    concrete block exterior + stucco finish     •    gable/hip roof with asphalt shingles     •    wood flooring & drywall interiors     •    4 total units (multifamily layout)     •    on-site additional storage (shed)     •    functional layout ideal for maximizing nightly rates Location & upside: situated in a high-demand rental area with strong tourism and local workforce demand, this property offers:     •    immediate str income potential     •    value-add through interior upgrades or branding     •    ability to increase adr and occupancy with professional management     •    long-term appreciation in a growing tampa submarket

This lovely property was built in 1966 and features 1 bedrooms, and 1 full bathrooms. This property for sale is 2,124 square feet, with 2,124 sq ft being air conditioned living space. The property has a does not have a private swimming pool.

Directions to this property are as follows: From I-275, Take Exit 42 Toward Armenia Ave. Head South On N Armenia Ave, Then Turn Right Onto W Bay To Bay Blvd. Continue West And Turn Left Onto S Manhattan Ave. Turn Right Onto W Mcelroy Ave — Property Will Be On Your Left.

Please contact your ZFC agent for more information about MLS# MFRTB8493099 or any other properties for sale in Tampa or elsewhere in the Hillsborough County area.