Seminole Heights Income-Generating
5111 N SUWANEE AVENUE Tampa, FL 33603
5111 N SUWANEE AVENUE, Tampa, FL, 33603
$995,000
Pending
For Sale
$995,000
Pending
Turnkey Airbnb property in historic Seminole Heights with high income.
Property Size3,150 SF
Days on Market499
Property Features for 5111 N SUWANEE AVENUE
General Information
- Standard status
- Pending
- Size
- 3,150 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing Agency
FLOTACAL
(941) 888-0043
Listed by
Jonathan Pergerson · License #3527969
(941) 888-0043
Source
Exitrealty
Added: Mar 8, 2025 Checked: Jul 19 at 4:29 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FLOTACAL
Investment Insights
Based on property information with market context.
This high-performing Airbnb property, located in the historic Seminole Heights neighborhood, generated over $100,000 in 2024. The main house includes 4 bedrooms and 2 bathrooms. A separate second building offers two private living areas, each with 1 bedroom and 1 bathroom, a private entrance, separate meters, and designated parking. This setup is suitable for rental income, a private guest house, or accommodating family members. A courtyard between the two buildings features a stone fire pizza oven. Additional amenities include a large shed for storage and a hot tub, with the option to add a pool. The property is fully furnished and has 5-star guest reviews. The property size is 3150 square feet. It is currently under contract-accepting backup offers.
Key Highlights
- Proven income‑generating Airbnb property with over $100,000 in revenue in 2024.
- Located in the highly desirable historic Seminole Heights neighborhood.
- Separate second building with two private 1‑bedroom/1‑bathroom living areas, each with private entrance, separate meters, and designated parking.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.9k | $21.24 |
| − Vacancy | −$4.8k | −$1.51 |
| EGI | $62.2k | $19.73 |
| − OpEx | −$28.0k | −$8.88 |
| NOI | $34.2k | $10.85 |
3,150 SF · lease $21.24/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$488.4K
$427.3K – $569.8K
NOI $34,186 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$733.9K
$642.1K – $856.2K
NOI $51,370 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
Similar For Sale Nearby
FAQs
What type of property is this?
Short term rental property - Turnkey Airbnb property in historic Seminole Heights with high income.
Where is this short term rental property located?
The property is located at 5111 N SUWANEE AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Proven income‑generating Airbnb property with over $100,000 in revenue in 2024.; Located in the highly desirable historic Seminole Heights neighborhood.; Separate second building with two private 1‑bedroom/1‑bathroom living areas, each with private entrance, separate meters, and designated parking.
