Active
8720 N 48TH ST
TAMPA FL, 33617
$2,760,000
$1,751.27 per sqft
Active
32 Beds
16 Baths
1,576 sqft
Multi-family
Built in 1972
INVESTORS, seize the moment with this remarkable opportunity in Tampa, Florida.
Rare investment package of EIGHT solid BLOCK CONSTRUCTION DUPLEXES, totaling 16 UNITS spread across 8 parcels.
Each duplex boasts 2 bedrooms, 1 bathroom, a laundry room, and individual fully fenced yards, offering tenants privacy and comfort. With 2 dedicated parking spots per unit, convenience is key for residents.
Generating an impressive annual gross income of $259,200 and an annual net income of $168,400, this portfolio promises a lucrative return on investment from day one.
While the properties are already performing admirably, there's ample room for improvement and updates, offering significant upside potential for rent increases and enhanced returns.
The owner has installed 4 brand new ACs, Upgraded Plumbing, and Renovated Units when tenants moved out. However, with some additional upgrates such as vinyl floor and granite counter tops, these units can be rented at $1700/month as market rent, which would equal $326,400 in annual gross income.
The majority of units are currently leased, ensuring a stable income stream and minimizing vacancy risks. Plus, tenants are responsible for utilities (water, trash, electric), simplifying management and maximizing profitability.
The properties have low vacancy rate and offer affordable yet comfortable living spaces for residents.
Not in a flood zones. Easy access to amenities and transportation, these duplexes are strategically located for long-term success.
SERIOUS INQUIRIES ONLY, don't let this opportunity pass you by. *Proof of funds required for showings.* The seller is offering the entire portfolio as a package deal, presenting a rare chance to build wealth through real estate in one of Florida's most dynamic markets.
8720 N 48th St, Tampa, 8722 N 48th St, Tampa; 8723 N 48th St, Tampa; 8724 N 48th St, Tampa;
8726 N 48th St, Tampa; 8728 N 48th St, Tampa; 8730 N 48th St, Tampa; 8732 N 48th St, Tampa.
Contact us to schedule a showing or obtain additional information.
T3521135
MLSⓇ ID
April 22, 2024
Listed
April 28, 2024
Updated
Map
8720 N 48TH ST
TAMPA FL, 33617
Interior Features
Total Stories
1
Bedrooms
32
Total Bathrooms
16
Interior Features
Walk-In Closet(s)
Appliances
Range, Refrigerator
Laundry Description
Inside, Laundry Room
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Wall/Window Unit(s)
Heating
Yes
Heating Description
Central, Wall Units / Window Unit
Exterior/Building Features
Lot Size
1.04 Acres
Exterior Features
Fence
Roof
Shingle
Sewer
Public Sewer
School Information
High School
King-HB
Elementary School
Kimbell Elementary School
Other Property Details
Area Name
33617 - Tampa / Temple Terrace
Taxes
$3,469
Tax Frequency
Annually
Days on Market
5
Garage
No
Parking
Common
View
No
County
Hillsborough
Municipality
28
Water Source
Public
Pool
No
Zoning
RM-16
Buyer Agency Compensation
1.25%
Listed by Vivian Resnick, with DALTON WADE INC
Listing Contact: 888-668-8283
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Data last updated 4/28/2024, 11:37 PM UTC