High-Income Short-Term Rental
For Sale
$2,500,000
13612 N 21st St, Tampa, FL 33613
Six-unit complex optimized for short-term rentals near Tampa attractions.
Property Size7,176 SF
Price / SF$348.38
Days on Market158
Property Features for 13612 N 21st St
General Information
Standard status
Active
Size
7,176 SF
Building Details
Year Built
2008
Listing Agency:
STAR BAY REALTY CORP.
Listed By:
Simmi Mishra · License #3490357
(813) 530-5733
Source:
Fulcrum-residential
Added: May 12
Changed: Oct 2
Last Checked: Oct 4 at 11:22AM
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 STAR BAY REALTY CORP.
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Investment Insights
Based on property information with market context.
This six-unit complex, featuring modern architecture and high-contrast finishes, is optimized for short-term rentals. The property consists of two duplex-style buildings with spacious, multi-level townhouse layouts. Interiors feature durable luxury vinyl flooring, recessed lighting, and modern fixtures. Designed for high occupancy and low-maintenance turnover, each unit generates approximately $8,000 per month. The property includes ample private parking at the rear, accommodating large groups and multiple vehicles. Vinyl privacy fencing, low-maintenance turf, and dedicated courtyard areas enhance guest relaxation. Located in the Tampa growth corridor, the complex is near the University of South Florida (USF), Busch Gardens & Adventure Island, and the Medical District, attracting academics, tourists, and medical professionals. The property is equipped with keyless entry, modern appliances, and weather-resistant landscaping to minimize overhead. The property is intended for use as a short-term rental complex.
Key Highlights
- High Income Potential: $576,000+ potential gross annual income from 6 units.
- Turn‑Key Short‑Term Rental (STR) Operation: Optimized for high occupancy and low‑maintenance turnover.
- Strong Monthly Gross Income: Currently producing approximately $48,000 per month.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,761
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,675,220
$1.7M
Cap Rate 7%
$1,196,586
$1.2M
Cap Rate 9%
$930,678
$930.7K
Market Conditions
NOI Build-Up for 7,176 SF
Gross rent
$128.3K $17.88/SF
− Vacancy
−$8.6K −$1.21/SF
EGI
$119.7K $16.67/SF
− OpEx
−$35.9K −$5.00/SF
NOI
$83.8K $11.67/SF
Area
Tampa, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,675,220
Cap Rate 7%
$1,196,586
Cap Rate 9%
$930,678
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,761 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$1.11M
$973.5K – $1.30M
NOI $77,878 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,026 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,215
Businesses Nearby
Explore this area
Business Placement
Demographics for 33613, FL
38,801
Population
17,686
Households
2.2
Avg Household Size
30
Median Age
29%
College-Educated
84%
High-School Grad
7.4 sq mi
ZIP Area
5,243
Density / Sq Mi
$44,642
Median Household Income
$30,911
Median Earnings
$1,178
Median Rent
$219,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Six-unit complex optimized for short-term rentals near Tampa attractions.
Where is this short term rental property located?
The property is located at 13612 N 21st St Tampa, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: High Income Potential: $576,000+ potential gross annual income from 6 units.; Turn‑Key Short‑Term Rental (STR) Operation: Optimized for high occupancy and low‑maintenance turnover.; Strong Monthly Gross Income: Currently producing approximately $48,000 per month.
