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.