Sarasota's Premier Homes

4511 - 4513 W MCELROY AVENUE

TAMPA, FL 33611

MLS#: TB8460520

$1,700,000

Status: Active
Listing number: TB8460520
Listing provided by: SELLSTATE COASTAL REALTY
Listing agent phone: None
Last update: 2 months ago
On site: 4 months ago
Browse Properties
BAYBRIDGE REV - Residential Income

Property

Beds

8

Full Baths

None

1/2 Baths

None

Year Built

1966

Sq.Footage

4,248

Experience a rare opportunity to acquire an 8-unit income-producing portfolio in highly-desirable South Tampa. Located minutes to downtown Tampa, world-class beaches, Tampa International Airport, MacDill AFB, major hospitals, shopping and dining — this property offers an exceptional blend of location, stability and long-term growth potential. The portfolio consists of eight well-maintained 1-bedroom residences, currently operated as mid-term rentals (30–180 day occupancies) catering to professionals, relocating residents, medical staff, military, executives and seasonal guests. This strategy has delivered strong occupancy and consistent revenue performance, with lower turnover and reduced wear compared to nightly rentals. This asset is ideal for passive investors, 1031 exchange buyers, private equity groups or wealth-building portfolio owners seeking reliable income in one of Florida’s most resilient rental markets. The property is positioned for continued performance with stable demand drivers and long-term appreciation trends in South Tampa. Opportunities like this are rarely available — an entire stabilized portfolio in one of the most sought-after submarkets in the Tampa Bay region. Shown by appointment only. Please do not disturb residents.

Features & Amenities

Interior

  • Other Interior Features

    Other

  • Total Bedrooms

    8

  • Bathrooms

    N/A

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Other Exterior Features

    Basketball Court, Courtyard, Dog Run, Outdoor Grill

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.42

  • Lot Size(square feet)

    4528.0

  • Property Type

    Residential Income

Price

  • Sales Price

    $1,700,000

  • Tax Amount

    $7,143.98

  • Sq. Footage

    4, 248

  • Price/SqFt

    $400

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Block

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    9

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Hillsborough

Elementary School

Middle School

High School

Listing Courtesy of Eriola Goldman , SELLSTATE COASTAL REALTY

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Michael Graf

Business Coach | Executive Sales Associate | Realtor®

Michael Graf

Call Michael today to schedule a private showing.

(941) 315-6980

michael@thegrafgroupvip.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Experience a rare opportunity to acquire an 8-unit income-producing portfolio in highly-desirable South Tampa. Located minutes to downtown Tampa, world-class beaches, Tampa International Airport, MacDill AFB, major hospitals, shopping and dining — this property offers an exceptional blend of location, stability and long-term growth potential. The portfolio consists of eight well-maintained 1-bedroom residences, currently operated as mid-term rentals (30–180 day occupancies) catering to professionals, relocating residents, medical staff, military, executives and seasonal guests. This strategy has delivered strong occupancy and consistent revenue performance, with lower turnover and reduced wear compared to nightly rentals. This asset is ideal for passive investors, 1031 exchange buyers, private equity groups or wealth-building portfolio owners seeking reliable income in one of Florida’s most resilient rental markets. The property is positioned for continued performance with stable demand drivers and long-term appreciation trends in South Tampa. Opportunities like this are rarely available — an entire stabilized portfolio in one of the most sought-after submarkets in the Tampa Bay region. Shown by appointment only. Please do not disturb residents.

4511 - 4513 W MCELROY AVENUE

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by The Graf Group of Coldwell Banker via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Related Properties

A FAMILY SANCTUARY ON THE HILLSBOROUGH RIVER! Imagine your entire family living side by side, each with your own space, yet united on one remarkable riverside parcel in the heart of Tampa. Elevated high on a hill in FLOOD ZONE X—protected and untouched through recent hurricanes due to its natural elevation, downriver flow of dam protection—this rare estate is designed for those who value FAMILY, SELF-SUFFICIENCY, AND LIVING OFF THE LAND TOGETHER. Here, four unique dwellings come together to form a true MULTI-GENERATIONAL RETREAT: A COUNTRY-STYLE COTTAGE with two bedrooms, two baths, and dual kitchens—perfect for shared meals and family gatherings, A THREE-STORY BUNGALOW with three bedrooms, three baths, a rare basement for storage and canning, plus a sauna and swim spa for wellness and relaxation, A STUDIO LOFT with soaring ceilings and kitchenette, ideal for a young adult, in-laws, or creative retreat, A RIVERSIDE COTTAGE/BOAT HOUSE, a cozy escape with compost facilities, perched right at the water’s edge. LIVING IN HARMONY WITH NATURE. Stroll the winding pathways that connect each home through your own BOTANICAL GARDEN-STYLE LANDSCAPE. The property overflows with fruit trees, herbs, and vegetables—bananas, papayas, mangos, guava, jackfruit, dragon fruit, figs, mulberries, sugarcane, cassava, spinach and curry trees, and so much more. Wildlife flourishes here, with the Hillsborough River flowing quietly at your doorstep. A RESILIENT LIFESTYLE. This is more than a home—it’s a SANCTUARY FOR THE FUTURE. From the basement prepped for secure storage and canned goods, to composting facilities and thriving gardens, everything is built for INDEPENDENCE AND SUSTAINABILITY. Yet, you’re only minutes from shops, dining, I-275, and the best of Tampa. A RIVERFRONT HAVEN. Launch a boat from your backyard and cruise directly to LETTUCE LAKE PARK, or enjoy serene evenings overlooking the water. Across the river, a golf park preserves your view of untouched greenery, ensuring your daily backdrop is nature itself. FOR FAMILIES DREAMING OF LIVING CLOSE, GROWING TOGETHER, AND CREATING A RESILIENT FUTURE IN HARMONY WITH NATURE, THIS HILLSBOROUGH RIVER COMPOUND IS A ONCE-IN-A-LIFETIME OPPORTUNITY.
#TB8496424

TAMPA

3203 E YUKON STREET

None Beds

None Baths

4,264 Sq.Ft.

$1,620,000

MLS#: TB8496424

Price reduced
Introducing an exceptional multi-family investment opportunity nestled in the heart of one of Tampa's most coveted and rapidly appreciating neighborhoods — Historic Tampa Heights. This 2024 construction triplex offers three thoughtfully designed units, each with its own one-car garage — a rare amenity in urban Tampa. With a diverse unit mix spanning from a spacious four-bedroom residence to a cozy two-bedroom retreat, this property delivers broad tenant appeal and strong income potential across multiple renter demographics. Block construction & newer built - the property offers minimal maintenance. Unit A features 4 bedrooms, 2.5 baths. Unit B features 3 bedrooms, 2.5 baths. Unit C features 2 bedrooms, 1 bath. Tampa Heights is one of Tampa's oldest and most beloved neighborhoods, sitting less than a mile from downtown. Residents enjoy walkable access to Armature Works and the Tampa Riverwalk, with downtown Tampa just minutes away. The neighborhood is highly walkable and very bikeable, with a variety of bike paths and lanes throughout. Whether you're a seasoned investor seeking stable cash flow, a house-hacker looking to live in one unit while offsetting your mortgage with the others, or a short term rental investor - this turnkey asset is a remarkable opportunity in a neighborhood with undeniable momentum & growth. The opportunity to own a multi-unit property in Historic Tampa Heights doesn't come around often — don't miss it.
#TB8494394

TAMPA

210 E COLUMBUS DRIVE 1-3

9 Beds

None Baths

4,858 Sq.Ft.

$1,449,000

MLS#: TB8494394

MULTIPLE OFFERS - CALL FOR ALL OFFERS BY 5PM ON APRIL 3RD, 2026 12703 N 15th St is a unique opportunity to own a stabilized 8 unit multi-family apartment complex in the rapidly growing university area of Tampa with substantial room for growth. With great proximity to USF, 12703 N 15th St is less than 1 miles from Universities Urban Core. Ownership spent over 200k in CapEx including new roofs, exterior paint, landscaping, paved parking lot, separate water meters shared grass area. Interior renovations include new luxury vinyl flooring, shaker cabinets, quartz countertops, stainless steel appliances and in-unit laundry. Current Rent Roll: $13,369.27 Unit Mix: 1/1 - 2 2/1 - 4 3/1 - 1 3/2 - 1 New owner has the ability to recapture an average of $263/month unit - increasing the the total rent roll by $25,248 Enjoy a strong cashflow right from the start and let the property appreciate.
#TB8478251

TAMPA

12703 N 15TH ST

16 Beds

None Baths

3,220 Sq.Ft.

$1,375,000

MLS#: TB8478251

This diversified investment portfolio offers immediate cash flow, generating approximately $9,000 in gross monthly income across 7 rentable units on 5 separate properties. None of the properties carry deed restrictions, and all are located outside of flood zones, creating a highly sustainable and trackable income stream. The portfolio provides flexibility for a new owner to maintain long-term tenants or explore short-term rental opportunities. Two 2-bedroom, 2-bath units near Disney and properties located near downtown Tampa present strong upside potential, with short-term rental strategies capable of increasing annual revenue to $13,000+. Major capital improvements have already been completed for owner convenience, including new roofs and newer HVAC systems. Additionally, the current professional property management company has offered multiple incentives and maintenance credits to the incoming owner. Portfolio Breakdown: Two Duplexes (2BR/1BA each) in Seminole Heights (33604) – fully leased with long-term tenants Two Row Homes (2BR/2BA) in Apopka (32712) – approximately 25 minutes from Disney, 20 minutes from downtown Orlando, and located within top-rated elementary and middle school zones One Single-Family Residence in Bartow (33830) – 20 minutes from Legoland and the rapidly growing Lakeland market; features well water, public sewer, fenced yard, screened patio, and strong long-term rental demand All marketing materials, addendums, and detailed financials are attached in the MLS. 1031 exchanges and investor financing options welcomed. Reach out today to schedule a tour...
#TB8474806

TAMPA

8005 N 13TH STREET

15 Beds

None Baths

5,763 Sq.Ft.

$1,500,000

MLS#: TB8474806

SELLER FINANCING AVAILABLE!! A great opportunity for buyers seeking flexibility—terms negotiable. *Incredible Live-Work Investment Opportunity in Tampa! Strategically located with easy access to major roadways, this rare 2-acre Commercial Intensive (CI-zoned) property delivers unmatched flexibility for pet care professionals, entrepreneurs, or savvy investors. The CI zoning allows for intense commercial activity, including heavy commercial and service uses—making the possibilities truly endless. The property features a well-maintained single-family pool home, ideal for an owner-operator looking to live on site while running their business. Also included is a separate ±500 sq. ft. building, perfect for an office, storage, or additional operational space. Currently, the property is home to a long-established, fully operational dog kennel business, proudly serving the community since the 1990s and once hosting Westminster Champion breeds—a remarkable legacy that adds significant value. For buyers interested in continuing operations, kennels and related equipment can convey. Looking to expand or redevelop? The land where the kennels sit offers exceptional redevelopment potential—easily reconfigured for ample parking, warehouse space, storage facilities, or other commercial uses. Whether you’re seeking a turnkey business, a live-work compound, or a prime redevelopment site, this Tampa property checks every box. Opportunities like this are rare—don’t miss it!
#TB8472897

TAMPA

2501 E DIANA STREET

None Beds

None Baths

3,809 Sq.Ft.

$1,900,000

MLS#: TB8472897

Located in the highly desirable Tampa Heights submarket, 2306 Morgan Street is a well-positioned multifamily asset consisting of two buildings totaling 7 units across 4,315 square feet. The property includes a front triplex built in 1902 and a rear quadplex built in 1926, offering a compelling blend of historic charm and modern improvements. The asset features a diverse unit mix comprised of two studios (approximately 343 SF each), one 1-bedroom/1-bath unit (682 SF), and four 2-bedroom/1-bath units (approximately 735 SF each). The property has benefited from recent capital improvements, including a new roof installed within the past 2–3 years, along with additional upgrades and fresh interior and exterior paint, providing strong curb appeal and a low-maintenance ownership profile. Income totals include a combination of market rents and housing assistance payments, offering stable cash flow with upside potential. Several long-term tenants are currently paying below-market rents, creating an opportunity to optimize rents to market levels over time. Additional value-add strategies include implementing utility bill-backs, particularly for water, to further enhance net operating income. Redevelopment or reconfiguration potential may exist, subject to buyer due diligence. Positioned minutes from some of Tampa’s most vibrant destinations, residents enjoy easy access to Ybor City’s historic nightlife, Downtown Tampa’s Riverwalk, Armature Works, and the Tampa Heights food and entertainment district. With consistent occupancy, recent updates, and a prime central location, 2306 Morgan Street stands out as a strong opportunity to own a turn-key multifamily asset in one of Tampa’s most in-demand rental corridors.
#TB8449870

TAMPA

2306 N MORGAN STREET

9 Beds

None Baths

1,372 Sq.Ft.

$1,600,000

MLS#: TB8449870

5 Parcels | Tampa Heights Development Opportunity Discover a rare income-producing property in the heart of Tampa Heights, one of the city’s most vibrant and fastest-growing neighborhoods. Just minutes from Armature Works, the Tampa Riverwalk, and the Hillsborough River, this 5-parcel package with 11 units offers both present cash flow and future development opportunity.Located near Raymond James Stadium with quick access to I-275 and I-4, you’re perfectly positioned between downtown, Midtown, and Seminole Heights. Current rents range from $1,400–$2,200 per unit, with strong upside as the neighborhood continues its renaissance. Whether you’re a young family seeking walkability and community, or a developer looking to create boutique residences or mixed-use space, these properties offer the ideal canvas in one of Tampa’s most desirable growth corridors.Tampa Heights. History, culture, and opportunity—yours to shape.May ot asign. Owner will not evict.
#TB8427112

TAMPA

2806 N TAMPA STREET

18 Beds

None Baths

7,942 Sq.Ft.

$1,699,000

MLS#: TB8427112

A rare Tampa waterfront investment with 258 ft of private shoreline and proven returns that outperform the stock market. This income-producing short-term rental averages 10.3% annual gross ROI, with total effective returns often reaching 20–33% when factoring appreciation, tax benefits, and leverage—far beyond typical equities. Zoned RSC-6, the property allows multiple dwellings on large lots, accessory structures, and additional units, giving investors the freedom to expand—think tiny homes, cabins, glamping sites, studio suites, or a waterfront event lawn (verify specifics with county). The 1.16-acre estate already operates as a high-performing STR with two mid-century homes, bonus spaces, and room to sleep 30. Guests love the curated amenities: swim spa, hot tub, mini golf, kayaks, paddle boat, fire pit, outdoor shower, yard games, creekside bar, and private boat launch. With strong weekend bookings and untapped weekday potential, this turnkey, fully furnished property offers immediate cash flow and significant upside. Waterfront, revenue, land, zoning flexibility—opportunities like this almost never hit the market. Investor packet available.
#TB8413895

TAMPA

5909 MOHR ROAD

None Beds

None Baths

3,224 Sq.Ft.

$1,715,000

MLS#: TB8413895

OPPORTUNITY ZONE: There are a total of 8 rental units in 4 buildings: 1 Single family-4 bedroom/2 bath, 2nd Single Family-2 bedroom/2 bath, 1 Apartment Building with 4 studio units plus TWO- 1 bedroom/1 bath units. Built in 1935, 1940, and 1946, these buildings reflect a rich history from a time when Tampa Heights blossomed into a vibrant community characterized by residential and commercial growth. Each unit and both homes are separately metered and tenants pay all utilities except water/sewer and small gas bill. This lot is 10,922 sq ft - zoned RM-24, and rich with redevelopment potential. Seller will consider financing with substantial down payment. This property has been treasured by the same family since 1960, serving as a beacon of hope and renewal for many. The owner has offered below-market rental rates, as a service in the community for the past 15 years. With some renovations, these stately residences have the potential to significantly increase the rental income.The property has great access on a corner and with an alley running along the north side. Conveniently located just a few blocks from Highland Park, the YMCA, Armature Works, and the scenic Tampa Riverfront Waterworks park, this property is also near Perry Harvey Sr. Park’s skatepark, a variety of shopping options, entertainment hubs, fine dining, as well as cultural and artistic venues. With easy access to Downtown Tampa, Ybor City, and Tampa International Airport, the location is ideal for both residents and investors. The property's size and location present a unique development opportunity in one of Tampa Bay's fastest-growing neighborhoods. As the area's progress continues, opportunities like this are becoming increasingly rare. Seller will consider financing with favorable terms. Please respect the privacy of the current tenants—do not trespass or engage with them. Showings are available by appointment only, with a minimum 72-hour notice.
#TB8407243

TAMPA

2402 N HIGHLAND AVENUE

8 Beds

None Baths

5,288 Sq.Ft.

$1,399,000

MLS#: TB8407243

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by The Graf Group of Coldwell Banker via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

I agree to receive communications and understand I can unsubscribe at any time.

I agree to be contacted by The Graf Group of Coldwell Banker via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service