About This Property

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.

Key Features

• Built in 1925

Property Details

• Type: Single Family Home
• Year Built: 1925
• Lot Size: 0 sq ft
• Sq Ft: 2,713
• Price / Sq Ft: $405
• HOA: Contact Agent
• Bedrooms: 6
• Bathrooms: 4
• Feature: Built in 1925
• Status: Active
• MLS Number: MFR783777050
• Days on Market: 225
• Listed By: MLS Listing
• Zip Code: 33604