Property
| Ownership: | Fee Simple |
|---|---|
| Type: | Single Family |
| Bedrooms: | 6 BR |
| Bathrooms: | 4 |
| Lot Size: | 0.1 Acres |
Financials
Price:$1,100,000
Annual Taxes:$11,096.61
Listing Courtesy of SELLSTATE COASTAL REALTY
Value Add Quadplex in Seminole Heights Hybrid Income Strategy Exceptional investment opportunity in the heart of Seminole Heights, one of Tampa s fastest growing and most desirable neighborhoods.
Description
Value-Add Quadplex in Seminole Heights | Hybrid Income Strategy
Exceptional investment opportunity in the heart of Seminole Heights, one of Tampa’s fastest-growing and most desirable neighborhoods. This 4-unit multifamily property offers immediate cash flow with significant upside through a proven hybrid rental model.
The property consists of:
• Unit A: 2BR/1BA
• Unit B: 1BR/1BA (currently operating as an Airbnb)
• Unit C: 2BR/1BA
• Unit D: 1BR/1BA
Units A, C, and D are leased under annual agreements, providing stable in-place income, while Unit B is actively operated as an Airbnb, creating additional revenue potential and operational flexibility.
The property is currently generating approximately $98,345 in annual NOI, representing an 8.94% in-place cap rate at the current asking price of $1,100,000. Investors may realize additional upside through rental optimization, furnished rentals, or expanded short-term rental operations, subject to local regulations.
Situated on a prominent corner lot in Seminole Heights, the property is conveniently located near Downtown Tampa, Ybor City, Armature Works, Raymond James Stadium, Midtown Tampa, I-275, and Tampa International Airport. Its proximity to major employment centers, entertainment districts, and the Hillsborough River supports strong demand from residents, business travelers, and visitors alike.
Investment Highlights:
? 4 Income-Producing Units
? Three Annual Leases in Place
? One Active Airbnb Unit
? Approximately $98K+ Annual NOI
? 8.94% In-Place Cap Rate
? Pro Forma Cap Rate Exceeding 11%
? Walk-to-River Location
? Hybrid Long-Term / Short-Term Rental Strategy
? Prime Seminole Heights Location
Whether seeking stable cash flow, value-add potential, or a hybrid investment strategy, 236 W North Street presents a rare opportunity to acquire a high-performing multifamily asset in one of Tampa Bay’s strongest growth markets.
Offered at $1,100,000. Financials available upon request.
Amenities
- Awnings
- Balcony
- Cable - Available
- Ceiling Fans(S)
- Convection Oven
- Cooktop
- Dishwasher
- Disposal
- Dryer
- Electric Water Heater
- High ceiling
- Microwave
- Natural Gas Connected
- Rain Barrel Cistern(S)
- Rain Gutters
- Storage
- Washer
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.