236 W NORTH STREET at

236 W NORTH STREET

For sale Days on market 102

$1,100,000

$405/sq ft

$100,000
Price Decreased

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Overview

Bedroom

Bath

Year Built

1925

Sqft

2713

Property Type

Single Family Residence

Property 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.

Property Details

MLS#

TB8483186

Total Floor in Bldg

Address

236 NORTH W

City

Tampa

State/county

Zip/Postal Code

33604

Area

North Park Annex

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$11,096

Maint Fee

$--

Tax Year

2025

Convection Oven

Cooktop

Dishwasher

Disposal

Dryer

Electric Water Heater

Microwave

Washer

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