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 

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of Stellar MLS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Tampa Bay Key Real Estate participates in the Stellar MLS Internet Data Exchange (IDX) program, allowing display of other Stellar MLS broker's listings on this site. However, may not include all listings currently available. Information is deemed reliable but not guaranteed. Listing information is provided for consumer 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.  Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

©2024 Stellar MLS. All rights reserved. 

Data last updated 4/28/2024, 11:37 PM UTC

Powered byLuxury Presence