BEDS12
BATHS
SQUARE FEET9,108
MLS#TB8388069
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWESTSHORE PALMS
Property Description
Introducing Gray Street Residences-a boutique collection of 4 brand-new by Milan Homes, fee-simple townhomes located in the heart of South Tampa's vibrant Westshore District. These modern farmhouse-style homes each feature 2,277 square feet of thoughtfully designed living space, with 3 bedrooms, 2.5 bathrooms, a 1-car garage, and a flexible bonus area ideal for a home office. Each residence is crafted with high-end finishes including quartz countertops, stainless steel appliances, luxury vinyl plank flooring throughout, and impact windows + doors. With no HOA fees and no minimum lease restrictions, short-term rentals are permitted, making Gray Street Residences an exceptional opportunity for investors. This project offers broad financing flexibility, with potential lending options such as DSCR (Debt Service Coverage Ratio), portfolio loans, commercial financing, and private lending solutions. Insurance costs are another win-new construction often qualifies for more favorable insurance rates due to its lower risk profile, and this site is located in Flood Zone X, further minimizing flood risk and enhancing overall insurability. One of the standout advantages is the ability to maximize depreciation benefits. Investors may leverage accelerated cost segregation and bonus depreciation strategies to reduce taxable income, significantly boosting early-year ROI compared to older properties.Located just minutes from Tampa International Airport, International Plaza, Midtown, and many of the city's premier dining and shopping destinations, Gray Street Residences combine modern luxury, income potential, and unbeatable convenience-all in one of Tampa's most desirable neighborhoods. Units 2, 3, 4 and 5 are available and Units 1 & 6 have sold to private owners. HOA is $322 per month - Contact the Listing Agent to schedule your private tour today!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Garage: 1 car attached
Heating: Central, Electric
Roof Type: Shingle
Stories: 2.0
Taxes: $5,314
Year Built: 2025
Amenities
Open Floorplan
Other
Other
Feature Descriptions
Additional Rooms: Den/Library/Office
Annual Net Income: 150000.00
Appliances: Dishwasher, Disposal, Exhaust Fan, Microwave, Range, Refrigerator
Builder: Phi International Inc.
Days on Site: 284
Directions: From Himes turn west on W Gray Street and the site is down on your left hand side.
Exterior: Block, Frame
Flood Zone Code: X
Flooring: Luxury Vinyl
Foundation: Slab
Garage Dimensions: 19x11
HOA Fee: 322/ Monthly
HOA Y/N: Yes
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, Private Financing Available
Model: Gray Street Townhomes
Number of Pets: 4
Ownership: Fee Simple
Pets Allowed: Yes
Pets Restrictions: Buyer to refer to CC&Rs.
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Listing Agent Must Accompany, ShowingTime
Special Sale Provisions: None
Units: 4
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: PD
Local Schools
High School: Plant-HB
Middle School: Coleman-HB
Elementary School: Grady-HB
Listed By / Shown By
Listed By
Agency Name: COMPASS FLORIDA LLC
Agency Contact: (305) 851-2820
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 7,288.70 per month $6,052.65 Principal & Interest $442.83 Property Tax $793.22 Homeowner's InsuranceChange Payment Information
4308 W Gray Street, Unit 2 thru 5 | MLS# TB8388069
This multi-family property located at 4308 W Gray Street, Unit 2 thru 5, Tampa, FL 33609 is currently listed for sale with an asking price of $2,719,600. Search Tampa real estate on www.realtymark.net today.