236 W North St Tampa, FL 33604

This 4-unit multifamily property in Tampa presents a prime investment opportunity in a rapidly expanding market. The property offers a chance to acquire a stabilized asset with significant upside through repositioning into short-term rentals (Airbnb/VRBO), furnished rentals, or corporate housing. Each unit features an ideal layout for short-term guests, traveling professionals, or extended-stay tenants. Tampa’s strong tourism industry, year-round events, and growing population drive demand for short-term accommodations, creating an income optimization opportunity for investors. The property is strategically located with convenient access to Downtown Tampa, Raymond James Stadium, Midtown, Ybor City, Tampa International Airport, and major highways, positioning it to attract both leisure and business travelers. Investors can operate as traditional multifamily or reposition units to short-term rentals to unlock higher revenue potential, with projected performance supporting an estimated cap rate exceeding 10% after value-add improvements and optimized short-term rental operations. The property size is 2713 square feet. This is an excellent opportunity for investors seeking to reposition a multifamily asset into a high-performing short-term rental property in one of Florida’s fastest-growing markets.