6 Beds
4 Baths
2,713 SqFt
6 Beds
4 Baths
2,713 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,713 sqft
Price per Sqft $405
Subdivision North Park Annex
MLS Listing ID TB8483186
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1925
Annual Tax Amount $11,096
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 45x122
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
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.
Location
State FL
County Hillsborough
Community North Park Annex
Area 33604 - Tampa / Sulphur Springs
Zoning SH-RS
Interior
Interior Features Ceiling Fans(s), High Ceilings
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Tile, Wood
Furnishings Unfurnished
Fireplace false
Appliance Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Washer
Laundry Laundry Room
Exterior
Exterior Feature Awning(s), Balcony, Rain Barrel/Cistern(s), Rain Gutters, Storage
Utilities Available Cable Available, Natural Gas Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Story 2
Entry Level Two
Foundation Crawlspace, Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Unit Floor 2
Structure Type Wood Siding
New Construction false
Others
Senior Community No
Ownership Fee Simple
Membership Fee Required None
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8483186
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