Property Description
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