The McElroy Garden Flats - 8 Units In South Tampa
Short Term Rentals In Prime Location With Opportunity To Grow
Marketing description
Located just steps from the Westshore Marina District, this fully renovated quadplex is a standout opportunity. Each unit has been completely updated to include modern finishes, custom accent walls, LED bathroom mirrors, and stylish furnishings—all designed for maximum comfort and appeal. It doesn't just stop with the interior because this property includes a private dog park, plus a shared basketball court and 3 hole mini golf course. These enhanced exterior features when operating a short term rental or Airbnb, will truly make this a top choice for travelers, tourists, and professionals. With a high occupancy rates and proximity to Tampa’s top attractions, dining, and transit, this can be your next high-performing asset in one of South Tampa’s most desirable neighborhoods. Whether you're a seasoned investor looking to expand your current portfolio or a newcomer thats seeking a promising entry into the Tampa Bay market, this property presents an exceptional opportunity with growth for long-term success!
Investment highlights
Currently leased - see instructions. Investor Exit Strategy ( $250k annual positive cashflow ) 1 — Refinance & Hold (24–36 Month Target Window) Stabilize income, improve NOI and refinance at a higher valuation — allowing partial or full return of investor capital while maintaining ownership and ongoing cash flow. 2 — Sale at Stabilized Value (3–5 Year Horizon) Hold until income and documentation support premium valuation, then exit to institutional, multifamily, 1031 or private investors. 3 — Potential Break-Up Strategy (If Feasible & Permitted) Explore condo conversion or legal unit separation to sell individually — expanding buyer pool and increasing blended resale value. 4 — Long-Term Rental Conversion (Risk-Adjusted Exit) If market conditions shift, property can be repositioned as traditional annual rentals to preserve occupancy stability and long-term valuation. 5 — Recapitalization / Partial Investor Buy-Out Bring in additional equity partners or restructure the capital stack after stabilization. All investors should perform independent due diligence. Financials provided are estimates based on historical booking records and are not guaranteed.
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