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:… Read More 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. Read Less
Courtesy of SELLSTATE COASTAL REALTY 813-940-0101
Listing Snapshot
Days Online
103
Last Updated
Property Type
Single Family Residence
Beds
6
Full Baths
4
Square Ft.
2,713
Lot Size
0.13 Acres
Year Built
1925
MLS Number
TB8483186
Additional Details
Property Access
Road Surface: Asphalt, Concrete
Appliances & Equipment
Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Washer, Other equipment: Irrigation Equipment
Building
Built in 1925, Living area: 2713, Living area units: Square Feet, Building faces East, 2 stories, Levels: Two, Construction Materials: Wood Siding
Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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