The McElroy Garden Flats - 4 Unit South Tampa Multifamily
Great Opportunity In PRIME South Tampa Location
Marketing description
Prime investment opportunity in the heart of South Tampa. This well-located 4-unit property offers immediate income potential with significant upside through short-term or mid-term rental optimization. Each unit presents a functional layout ideal for maximizing rental efficiency, making this asset attractive for both seasoned investors and owner-operators.
Positioned in a high-demand rental corridor, the property benefits from close proximity to Downtown Tampa, Bayshore Boulevard, major employment hubs, dining, and entertainment. The area continues to experience strong growth, supporting both long-term stability and short-term rental demand.
The property is being offered as part of a larger 8-unit asset, now split into two 4-unit buildings, providing flexibility for investors seeking a smaller acquisition or the opportunity to scale by acquiring both. With the right management and strategic upgrades, the property has the potential to significantly increase rental income through short-term rental platforms, corporate housing, or furnished mid-term rentals.
Ideal for investors seeking a value-add opportunity in one of Tampa’s most desirable submarkets.
Investment highlights
Eri Goldman:
Financials are based on a projected short-term rental model. Conservative underwriting assumes 75% occupancy with market-supported average daily rates, while pro forma performance reflects optimized operations achieving up to $178/night ADR. Actual performance may vary based on management, seasonality, and market conditions. This offering presents a value-add opportunity for investors to increase revenue through professional STR management, interior upgrades, and dynamic pricing strategies.
Eri Goldman:
Financials are based on a projected short-term rental model. Conservative underwriting assumes 75% occupancy with market-supported average daily rates, while pro forma performance reflects optimized operations achieving up to $178/night ADR. Actual performance may vary based on management, seasonality, and market conditions. This offering presents a value-add opportunity for investors to increase revenue through professional STR management, interior upgrades, and dynamic pricing strategies.
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