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

Property Features