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4511 W Mcelroy Avenue , Tampa, FL 33611

$825,000
  • 4511 W Mcelroy Avenue , Tampa, FL 33611 Main Photo

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New to the Market Active
BEDS4 BATHS SQUARE FEET2,124 MLS#TB8544469
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONBAYBRIDGE REV

Property Description

**TURNKEY 4-UNIT INVESTMENT OPPORTUNITY IN SOUTH TAMPA!** Located in a highly desirable South Tampa rental corridor, this propertypresents an exceptional opportunity for investors seeking a versatile income-producing asset with multiple rental strategies. This well-positioned multifamily property features **four 1-bedroom, 1-bath units**, providing a diversified income stream while maintaining efficient and highly desirable floor plans while being built with solid concrete block construction. Each unit is separately rentable, making the property well suited for traditional long-term rentals, furnished mid-term rentals, or short-term rental strategies. Also this property features a newer roof, with the full roof replacement that was done in 2022!The property's South Tampa location provides convenient access to major roadways, employment centers, shopping, dining, entertainment, and the area's beaches and waterfront destinations. Its proximity to Westshore, Gandy, and surrounding South Tampa neighborhoods further enhances its appeal to both tenants and investors. For investors, the combination of four individual units at this affordable price in an exclusive area creates an attractive opportunity to acquire and operate a flexible multifamily asset. Whether you're looking for immediate rental income, a long-term hold, or additional upside through optimized management and rental strategy, this property offers a compelling investment platform in one of Tampa's most established markets. Multiple rental strategy options Strong demand for smaller residential units Convenient access to Westshore, Gandy and major Tampa thoroughfares Excellent opportunity for investors seeking income and long-term appreciation potential

4511 W Mcelroy Avenue | MLS# TB8544469

This multi-family property located at 4511 W Mcelroy Avenue , Tampa, FL 33611 is currently listed for sale with an asking price of $825,000. Search Tampa real estate on karnig.floridaexecutiverealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Mini-Split Unit(s)
Heating: Other
Lot Size: 0.21 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $7,460
Year Built: 1966

Amenities

Ceiling Fans(s)
Basketball Court
Dog Run
Fence
Lighting
Outdoor Grill

Feature Descriptions

Annual Net Income: 86400.00
Directions: South on Westshore, cross over Gandy, turn east on next street behind Walgreens W. McElroy Ave, Complex on the left side3 blocks down
Exterior: Block
Flood Zone Code: AE
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.21
Other Equipment: Basketball Court
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Lock Box Electronic, ShowingTime
Special Sale Provisions: None
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: RM-16

Listed By / Shown By

Listed By

Agency Name: SELLSTATE COASTAL REALTY
Agency Contact: 813-940-0101

Shown By

Agent Name: Hazel Karnig
Agent Phone: Cell: (813) 391-3959
Agency Title: Florida Executive Realty

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Estimated Payment

$ 2,698.38 per month $1,836.09 Principal & Interest $621.67 Property Tax $240.63 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/01/2026. The listing information on this page last changed on 09/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 09/01/2026 10:02:42 AM EST) or Stellar MLS (last updated Tue 09/01/2026 9:22:09 AM EST). Real estate listings held by brokerage firms other than Florida Executive Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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