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30103053
30103055

236 W North St, Tampa, FL 33604

EG
FL FL SL3314901
Sellstate Coastal Realty
CD
BK3410926
Sellstate Coastal Realty
Listed by Sellstate Coastal Realty
$1,100,000
89 days on market
Updated 35 days ago

QUADPLEX - Short term rentals opportunity

Details
APN A-36-28-18-4FB-000000-00577.0
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,713
Net Rentable (SqFt) 2,713
Units 4
Cap Rate 8.94%
NOI $98,345
Occupancy 100%
Pro-Forma Cap Rate 11.53%
Pro-Forma NOI $126,800
Price per SqFt $405
Broker Co-Op Yes
Class C
Year Built 1925
Buildings 2
Stories 2
Lot Size (SqFt) 5,663
Zoning SH-RS
Investment Type Value Add
Occupancy Date 03/01/2026
Ground Lease No

Multifamily | 4 Units | $275,000/unit

Marketing 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%CAP RATE + 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.

Listing Contacts

EG
FL FL SL3314901
Sellstate Coastal Realty
CD
BK3410926
Sellstate Coastal Realty
Listed by Sellstate Coastal Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,345.00
$8,195.42/mo

Valuation Metrics

0
DSCR
8.94%
Cap Rate
8.94%
ROI

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Additional Information

Name
Eri Goldman
License
FL SL3314901
Brokerage Phone
2394642510
Brokerage Address
2915 North Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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