25 days on rocket

4511 W Mcelroy Ave, Tampa, FL, 33611

$1,850,000

Home List Price

$10,000*

Closing Credit

0 Baths
4,248 SqFt
$436/SqFt
Multi
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

4511 W Mcelroy Ave, Tampa$1,850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1966
HeatingElectric
CoolingZoned
MLS #T3516682
Lot Size0.42 Acres
StatusActive

About 4511 W Mcelroy Ave

Welcome to this prime investment opportunity in the highly sought-after South Tampa neighborhood, just down the street from the all new Westshore Marina District! This property presents a great venture for investors with all eight units meticulously designed and currently operating as short-term rentals, this property offers a blend of modern comfort and convenience in a desirable setting. Nothing was overlooked in any unit with all eight units being completely renovated to meet modern standards with custom touches and luxurious amenities. Everything from the custom accent walls, LED bathroom mirrors to additional exterior upgrades to now even include the private dog park. Nestled in such a great area, this property enjoys high demand from travelers, tourists, and business professionals alike, ensuring consistent occupancy rates and impressive rental income potential. The close proximity to key attractions, entertainment venues, dining establishments, and major transportation hubs, guests are afforded easy access to everything the area has to offer. Each unit boasts contemporary finishes, stylish furnishings, and an array of amenities designed to provide guests with an unparalleled stay experience. From fully-equipped kitchens and spacious living areas to cozy bedrooms and sleek bathrooms, every detail has been thoughtfully curated to exceed expectations and foster positive reviews. Investors will appreciate the turnkey nature of this property, with already a proven track record of profitability. Whether you're a seasoned investor looking to expand your current multifamily portfolio or a newcomer in the short term rental space thats seeking a promising entry into the Tampa Bay market, this property presents an exceptional opportunity with growth for long-term success. Make sure to take a look at this prime real estate in a thriving market & unlock the potential of this great property! **PLEASE NOTE: 2024 OWNER STATEMENTS ONLY REFLECT 6 UNITS (FEBRUARY $19,610.84 & MARCH $21,547.46) **

Property Details

Property Features

Property Information:

  • Year Built: 1966
  • Living Area: 4,248 SqFt

Listing Office:

  • Office Name: SELLSTATE LEGACY REALTY
  • Office Phone: (813) 542-1224
  • Listing Agent: Taylor Cresswell

Interior Features

Interior Information:

  • Appliances: Microwave, Range, Refrigerator
  • Interior: Ceiling Fans(s), Solid Surface Counters

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Dog Run

Virtual/3D Tour

  • Virtual Tour: 4511 W Mcelroy Ave

Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.42 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Zoned

School Info

Assigned Schools Information:

  • Robinson High School, Public Magnet Grades 9-12
  • Hillsborough Virtual School, Public District Grades KG-12
  • Madison Middle School, Public District Grades 6-8
  • Anderson Elementary School, Public District Grades PK-5
  • Metropolitan Ministries Partnership Elementary School, Public District Grades KG-5
  • Usf/Patel Partnership Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Go South On Dale Mabry & Take A Left Onto Gandy Blvd. Turn Left On Manhattan & Then Your First Right Onto McElroy Ave. The property will be on your right hand side (2 Buildings: 4511 & 4513).

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,850,000
  • Price Per SqFt: $436/SqFt

Tax Information:

  • Annual Amount: $3,485
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Tampa, FL.

Map thumbnail provided by MapBox

Tampa, FL

City

Med. Sold Price

$411.3K

Med. Price/SqFt

$267

Avg. Days On Market

47

# of Sold Homes

735

4511 W Mcelroy Ave vs Tampa

25 DAYS ON ROCKET

-22 Days

$1,850,000

+$1.4M More

$436/SqFt

+$168 More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $168/SqFt more than other homes in Tampa, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #T3516682

Listing Office:

  • Office Name: SELLSTATE LEGACY REALTY
  • Office Phone: (813) 542-1224
  • Listing Agent: Taylor Cresswell

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 4/30/2024, 11:49:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,485$193,114
2018$3,010$166,781
2017$2,752$148,517

History based on county public records data.

Payment Calculator

$9,301

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,613

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4030760
5
/10

  • Anderson Elementary School

  • 3910 W Fair Oaks Ave

  • 0.89 miles

  • Public District Grades PK-5

school-card-donut-4030761
8
/10

  • Metropolitan Ministries Partnership Elementary School

  • 102 E Palm Ave

  • 6.11 miles

  • Public District Grades KG-5

school-card-donut-4030762
6
/10

  • Usf/Patel Partnership Elementary School

  • 11801 Usf Bull Run St

  • 13.40 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4030763
3
/10

  • Madison Middle School

  • 4444 W Bay Vista Ave

  • 0.94 miles

  • Public District Grades 6-8

High School

school-card-donut-4030764
5
/10

  • Robinson High School

  • 6311 S Lois Ave

  • 1.31 miles

  • Public Magnet Grades 9-12

school-card-donut-4030765
6
/10

  • Hillsborough Virtual School

  • 901 E Kennedy Blvd

  • 5.78 miles

  • Public District Grades KG-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $77,523. The most common annual income of people living in Tampa, FL is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Hillsborough County›Tampa›33611›4511 W Mcelroy Ave

This home is located at 4511 W Mcelroy Ave in Tampa, FL and zip code 33611 in the South Tampa neighborhood. This 4,248 square foot home, which was built in 1966, sits on a 0.42 acre lot. It has been listed on Rocket Homes since April 05, 2024 and is currently priced at $1,850,000.

While more than 130 listings in Tampa, FL in March 2024 were sold above asking price, there were more than 164 listings sold at asking price, and more than 441 were sold below. The number of listings in Tampa, FL increased by 3.1% between February 2024 and March 2024. In March 2024 median list price was $411,383 and the average listing age was 47 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources