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4513 W McElroy Ave 4 Unit Apartment Building $1,176,485 CAD ($294,121 CAD/Unit) 14.91% Cap Rate Tampa, FL 33611
Investment Highlights
- 4 UNIT STR
- GREAT LOCATION
- TURNKEY
Executive Summary
Prime investment opportunity in the heart of South Tampa. This well-located 4-unit property offers immediate income potential with significant upside through short-term or mid-term rental optimization. Each unit presents a functional layout ideal for maximizing rental efficiency, making this asset attractive for both seasoned investors and owner-operators.
Positioned in a high-demand rental corridor, the property benefits from close proximity to Downtown Tampa, Bayshore Boulevard, major employment hubs, dining, and entertainment. The area continues to experience strong growth, supporting both long-term stability and short-term rental demand.
The property is being offered as part of a larger 8-unit asset, now split into two 4-unit buildings, providing flexibility for investors seeking a smaller acquisition or the opportunity to scale by acquiring both. With the right management and strategic upgrades, the property has the potential to significantly increase rental income through short-term rental platforms, corporate housing, or furnished mid-term rentals.
Ideal for investors seeking a value-add opportunity in one of Tampa’s most desirable submarkets.
Positioned in a high-demand rental corridor, the property benefits from close proximity to Downtown Tampa, Bayshore Boulevard, major employment hubs, dining, and entertainment. The area continues to experience strong growth, supporting both long-term stability and short-term rental demand.
The property is being offered as part of a larger 8-unit asset, now split into two 4-unit buildings, providing flexibility for investors seeking a smaller acquisition or the opportunity to scale by acquiring both. With the right management and strategic upgrades, the property has the potential to significantly increase rental income through short-term rental platforms, corporate housing, or furnished mid-term rentals.
Ideal for investors seeking a value-add opportunity in one of Tampa’s most desirable submarkets.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Wi-Fi
- Yard
- Grill
- Coffee System
- Deck
- Lawn
- Patio
Site Amenities
- 24 Hour Access
- Furnished Units Available
- Grill
- Pet Play Area
- Wi-Fi
- Community-Wide WiFi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 2,148 |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | A-08-30-18-3XJ-000020-00009.1 | Total Assessment | $506,959 CAD (2025) |
| Land Assessment | $195,450 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $311,509 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
A-08-30-18-3XJ-000020-00009.1
Land Assessment
$195,450 CAD (2025)
Improvements Assessment
$311,509 CAD (2025)
Total Assessment
$506,959 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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4513 W McElroy Ave
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