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Description

Value-Add Quadplex with Short-Term Rental Upside – Tampa Investment Opportunity Prime multifamily investment opportunity in the rapidly expanding Tampa market. This 4-unit property presents investors with a rare chance to acquire a stabilized asset with significant upside through repositioning into short-term rentals (Airbnb/VRBO), furnished rentals, or corporate housing. Each unit offers an ideal layout for short-term guests, traveling professionals, or extended-stay tenants. Tampa's strong tourism industry, year-round events, and growing population continue to drive exceptional demand for short-term accommodations, creating a powerful income optimization opportunity for investors. Strategically located with convenient access to Downtown Tampa, Raymond James Stadium, Midtown, Ybor City, Tampa International Airport, and major highways, the property is well positioned to attract both leisure and business travelers. Investors have the ability to operate as traditional multifamily or reposition units to short-term rentals to unlock significantly higher revenue potential, with projected performance supporting an estimated cap rate exceeding 10 + after value-add improvements and optimized short-term rental operations. Investment Highlights • 4-unit multifamily property • Strong value-add opportunity • Ideal for Airbnb / VRBO / furnished rentals • High-demand Tampa rental market • Excellent location near major attractions and employment hubs • Projected double-digit cap rate potential after value-add This is an excellent opportunity for investors seeking to reposition a multifamily asset into a high-performing short-term rental property in one of Florida's fastest-growing markets.

Features

• Property Type: Single Family Home
• Sub Type: Single Family Home
• Listing Status: Active
• County/Area: Hillsborough County
• Zip Code: 33604
• Year Built: 1925
• Subdivision/Neighborhood: North Park Annex
• Sq.Ft.: 2,713 sq ft
• Stories: 2 Story
• Total Rooms: 4
• Bedrooms: 6
• Full Baths: 4
• Lot Size: 5663 sq ft lot
• Baths: 4
• Zoning: SH-RS
• Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Washer
• Association 2: No
• Available For Lease: Yes
• Bathroom 1: First Level
• Building Area Source: Public Records
• Building Area Total: 5663
• Building Area Units: Square Feet
• Construction Materials: Wood Siding
• Cooling: Central Air, Wall/Window Unit(s)
• Country: US
• Currency Monthly Rent Amt: 7650.00
• Direction Faces: East
• Directions: Directions     1.    Start in Downtown Tampa heading north on N Florida Ave.     2.    Continue straight on N Florida Ave for about 3.5 miles.     3.    Turn left onto W North St.     4.    Continue for a short distance — 236 W North St will be on your left. Alternate Route (via I-275)     1.    From Downtown Tampa, get on I-275 North.     2.    Take Exit 47B – Hillsborough Ave East.     3.    Turn left onto N Florida Ave.     4.    Turn right onto W North St.     5.    Property will be on the left. ?? The property is located in the Seminole Heights / South Seminole Heights area, one of Tampa’s fastest growing neighborhoods with strong rental demand.
• Exterior Features: Awning(s), Balcony, Rain Barrel/Cistern(s), Rain Gutters, Storage
• Floor Number: 2
• Flooring: Tile, Wood
• Foundation Details: Crawlspace, Slab
• Furnished: Unfurnished
• HOA Fee: 0.00
• HOA Frequency: Monthly
• Heating: Central
• Homestead: No
• In Law Suite: No
• Interior Features: Ceiling Fans(s), High Ceilings
• Kitchen: First Level
• Laundry Features: Laundry Room
• Levels: Two
• Living Area Meters: 252.05
• Living Area Source: Public Records
• Living Area Units: Square Feet
• Living Room: First Level
• Lot Size Square Feet: 5490
• Lot Size Square Meters: 510
• MLS Area Major: 33604 - Tampa / Sulphur Springs
• Main Type: Residential
• Minimum Lease: 6 Months
• Month To Month Or Weekly: No
• Other Equipment: Irrigation Equipment
• Primary Bedroom: First Level
• Road Surface Type: Asphalt, Concrete
• Roof: Shingle
• Sewer: Public Sewer
• Stories Total: 2
• Tax Annual Amount: 11096.61
• Tax Lot: 577
• Tax Year: 2025
• Total Acreage: 0 to less than 1/4
• Total Annual Fees: 0.00
• Total Monthly Fees: 0.00
• Township: 28
• Unit Number: No
• Utilities: Cable Available, Natural Gas Connected
• Water Access: No
• Water Extras: No
• Water Source: Public
• Water View: No