4308 W GRAY ST #2 thru 5 Tampa, FL 33609 Open Sat 11AM-1PM
UPDATED: 06/02/2026 05:32 PM ON MARKET: 376 days on market
$2,719,600
12 Beds12 Baths9,108 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 9,108 sqft
Price per Sqft $298
Subdivision Westshore Palms
MLS Listing ID TB8388069
Bedrooms 12
Construction Status Completed
HOA Fees $322/mo
HOA Y/N Yes
Annual Recurring Fee 3864.0
Year Built 2025
Annual Tax Amount $5,314
Property Sub-Type Multi-Family 5+
Source Stellar MLS
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!
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