$850,000
4513 W Mcelroy Avenue Tampa, FL 33611
For Sale MLS# TB8493099
1 beds 1 baths 2,124 sq ft Single Family
Details for 4513 W Mcelroy Avenue
MLS# TB8493099
Description for 4513 W Mcelroy Avenue, Tampa, FL, 33611
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
Listing Information
Property Type: Residential, Single Family Residence
Status: Active
Bedrooms: 1
Bathrooms: 1
Lot Size: 0.21 Acres
Square Feet: 2,124 sq ft
Year Built: 1966
Stories: 1 Story
Construction: Block,Stucco
Subdivision: Baybridge Rev
Foundation: Slab
County: Hillsborough
Room Information
Main Floor
Primary Bathroom:
Living Room:
Kitchen:
Primary Bedroom:
Bathrooms
Full Baths: 1
Interior Features
Appliances: Cooktop, Dishwasher, Microwave
Flooring: Laminate
Additional Interior Features: Main Level Primary
Utilities
Sewer: Public Sewer
Other Utilities: Cable Connected,Water Not Available
Cooling: Ductless
Heating: Window Unit, Wall Furnace
Exterior / Lot Features
Roof: Shingle
Lot Dimensions: 60x150
Additional Exterior/Lot Features: Private Entrance
Driving Directions
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.
Financial Considerations
Terms: Cash,Conventional,Other
Tax/Property ID: A-08-30-18-3XJ-000020-00009.1
Tax Amount: 7436.49
Tax Year: 2025
A broker reciprocity listing courtesy: SELLSTATE COASTAL REALTY
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 4513 W Mcelroy Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 4513 W Mcelroy Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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