Commercial property in Tampa, Florida 394.65 sq.m. № 1107738
1
ID1107738
$ 1 850 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
Welcome to this prime investment opportunity in the highly sought-after South Tampa neighborhood, just down the street from the all new Westshore Marina District! This property presents a great venture for investors with all eight units meticulously designed and currently operating as short-term rentals, this property offers a blend of modern comfort and convenience in a desirable setting. Nothing was overlooked in any unit with all eight units being completely renovated to meet modern standards with custom touches and luxurious amenities. Everything from the custom accent walls, LED bathroom mirrors to additional exterior upgrades to now even include the private dog park. Nestled in such a great area, this property enjoys high demand from travelers, tourists, and business professionals alike, ensuring consistent occupancy rates and impressive rental income potential. The close proximity to key attractions, entertainment venues, dining establishments, and major transportation hubs, guests are afforded easy access to everything the area has to offer. Each unit boasts contemporary finishes, stylish furnishings, and an array of amenities designed to provide guests with an unparalleled stay experience. From fully-equipped kitchens and spacious living areas to cozy bedrooms and sleek bathrooms, every detail has been thoughtfully curated to exceed
expectations and foster positive reviews. Investors will appreciate the turnkey nature of this property, with already a proven track record of profitability. Whether you're a seasoned investor looking to expand your current multifamily portfolio or a newcomer in the short term rental space thats seeking a promising entry into the Tampa Bay market, this property presents an exceptional opportunity with growth for long-term success. Make sure to take a look at this prime real estate in a thriving market & unlock the potential of this great property! **PLEASE NOTE: 2024 OWNER STATEMENTS ONLY REFLECT 6 UNITS (FEBRUARY $19,610.84 & MARCH $21,547.46) **
MLS #: T3516682
Tampa - Statistics
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| Parameters | Tampa |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 2 006.14 |
| Apartment (1 bedroom) Outside of Centre | $ 1 622.38 |
| Apartment (3 bedrooms) in City Centre | $ 3 561.90 |
| Apartment (3 bedrooms) Outside of Centre | $ 2 630.95 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 3 563.73 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 2 359.91 |
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| Parameters | Tampa |
|---|---|
| Crime Index | 45.10 |
| Cost of Living and Rent Index | 61.95 |
| Purchasing Power Index | 132.52 |
| Property Price to Income Ratio | 3.04 |
| Safety Index | 54.90 |
| Traffic CO₂ Index | 9226.34 |
| Traffic Inefficiency Index | 201.15 |
| Rent Index | 44.97 |
| Health Care Index | 67.76 |
| Groceries Index | 87.63 |
| Pollution Index | 32.46 |
| Traffic Commute Time Index | 36.38 |
| Restaurant Price Index | 73.51 |
| Climate Index | 84.67 |
| Cost of Living Index | 78.52 |
| Quality of Life Index | 185.07 |
| Traffic Index | 174.51 |
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| Parameters | Tampa |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 20.00 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 95.00 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 11.10 |
| Domestic Beer (0.5 liter draught) | $ 7.00 |
| Imported Beer (0.33 liter bottle) | $ 8.00 |
| Coke/Pepsi (0.33 liter bottle) | $ 2.47 |
| Water (0.33 liter bottle) | $ 2.08 |
| Cappuccino (regular) | $ 5.07 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.15 |
| Loaf of Fresh White Bread (500g) | $ 4.00 |
| Eggs (regular) (12) | $ 4.55 |
| Local Cheese (1kg) | $ 20.78 |
| Water (1.5 liter bottle) | $ 3.41 |
| Bottle of Wine (Mid-Range) | $ 15.00 |
| Domestic Beer (0.5 liter bottle) | $ 2.29 |
| Imported Beer (0.33 liter bottle) | $ 3.56 |
| Cigarettes 20 Pack (Marlboro) | $ 8.85 |
| Apples (1kg) | $ 7.06 |
| Chicken Fillets (1kg) | $ 11.34 |
| Oranges (1kg) | $ 5.30 |
| Potato (1kg) | $ 4.73 |
| Lettuce (1 head) | $ 2.56 |
| Rice (white), (1kg) | $ 4.69 |
| Tomato (1kg) | $ 4.48 |
| Banana (1kg) | $ 1.68 |
| Onion (1kg) | $ 3.95 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 17.94 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 3.00 |
| Monthly Pass (Regular Price) | $ 70.50 |
| Gasoline (1 liter) | $ 0.93 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 36 050.00 |
| Taxi Start (Normal Tariff) | $ 3.00 |
| Taxi 1km (Normal Tariff) | $ 1.49 |
| Taxi 1hour Waiting (Normal Tariff) | $ 30.00 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 27 359.68 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 244.15 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 73.95 |
| $ 65.56 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 4 872.75 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.50 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 30.83 |
| Tennis Court Rent (1 Hour on Weekend) | $ 16.67 |
| Cinema, International Release, 1 Seat | $ 19.00 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 55.00 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 44.90 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 104.59 |
| 1 Pair of Men Leather Business Shoes | $ 154.54 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 1 480.00 |
| International Primary School, Yearly for 1 Child | $ 35 000.00 |
Data are provided by Numbeo.com and are based on its users survey. Florida.realestate can not guarantee the validity of these data.
Contact the seller
CityTampa
Address4511 & 4513 W MCELROY AVENUE
TypeCommercial property
Living space394.65 m²
- m²
- sq. ft
Completion dateIV quarter, 1966
Price
- Price
- per m²
$ 1 850 000
- EUR €
- USD $
- RUB ₽
- GBP £
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