1
BEDS
1
BATHS
2,124
SQ.FT.
TYPE
Half Duplex
BEDROOMS
1
BATHROOMS FULL
1
LIVING AREA
2,124 sq.ft.
LOT SIZE
0.21 acres
YEAR BUILT
1966
NEW CONSTRUCTION
No
SELLING FIRM
Sellstate Coastal Realty
MLS #
TB8493099
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
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Listings courtesy of Stellar MLS as distributed by MLS GRID based on information submitted to the MLS GRID as of Tue, 16 Jun 2026 15:34:17 GMT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Property information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID, and the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.