BEDS6
BATHS4 full
SQUARE FEET2,713
MLS#TB8483186
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONNORTH PARK ANNEX
Property Description
Value-Add Quadplex in Seminole Heights | Hybrid Income StrategyExceptional 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/1BAUnits 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 LocationWhether 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 Features
Property Type: Residential - Single Family
Cooling: Central Air, Wall/Window Unit(s)
Heating: Central
Lot Size: 0.13 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $11,096
Year Built: 1925
Amenities
Ceiling Fans(s)
High Ceilings
Awning(s)
Balcony
Rain Barrel/Cistern(s)
Rain Gutters
Storage
Feature Descriptions
Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Washer
Days on Site: 104
Directions: Directions    1.    Start in Downtown Tampa heading north on N Florida Ave.    2.    Continue straight on N Florida Ave for about 3.5 miles.    3.    Turn left onto W North St.    4.    Continue for a short distance â?? 236
Exterior: Wood Siding
Flood Zone Code: x
Flooring: Tile, Wood
Foundation: Crawlspace, Slab
Home Warranty Y/N: No
Lot Dimensions: 0.13
Other Equipment: Irrigation Equipment
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Call Listing Agent
Special Sale Provisions: None
Utilities: Cable Available, Natural Gas Connected
Water: Public
Water Access Y/N: No
Zoning: SH-RS
Listed By / Shown By
Listed By
Agency Name: SELLSTATE COASTAL REALTY
Agency Contact: 813-940-0101
Shown By
Agency Title: Realty 100
Agency Phone: 954-859-2100
Estimate Your Payment
Estimated Payment
$ 3,693.62 per month $2,448.12 Principal & Interest $924.67 Property Tax $320.83 Homeowner's Insurance
236 W North Street | MLS# TB8483186
This single family home located at 236 W North Street, Tampa, FL 33604 is currently listed for sale with an asking price of $1,100,000. This property was built in 1925 and has 6 bedrooms and 4 full baths with 2713 sq. ft. W North Street is located in the NORTH PARK ANNEX subdivision. Search NORTH PARK ANNEX real estate on www.realty100.com today.