Address
8720 N 48th STREET, TAMPA, FL
Price
$ 2,650,000
Property Attributes
  • MLS#T3521135
  • TypeIncome
  • CountyHILLSBOROUGH
  • CityTAMPA
  • AreaTampa - Temple Terrace
  • NeighborhoodDruid Hills Rev
  • Zip33617
  • StyleMulti Family
  • Year Built1972
  • Taxes$ 3468
  • Price$ 2,650,000
  • Bedrooms32
  • Full Bathrooms16
  • Half Bathrooms0
  • Sqr Footage1576
  • Lot Size1.04 Acres
Data Source:
Stellar MLS
Property Description

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.

Elementary School Middle School High School
Kimbell Elementary School Greco-HB Middle School King-HB High School
Price History
4/24/2024 Listed $2,760,000
5/6/2024 2% - $2,730,000
5/21/2024 3% - $2,650,000

General Features

Interior Features Walk-In Closet(s)
Sewer Public Sewer
Heating Central,Wall Units / Window Unit
Cooling Central Air,Wall/Window Unit(s)
Utilities Cable Available,Electricity Connected,Sewer Connected,Water Connected
Possession Close of Escrow
Roof Shingle
Appliances Range,Refrigerator
Exterior Features Fenced
Zoning RM-16
Construction Materials Block
Year Built 1972
Tenant Pays Electricity,Trash Collection,Water
Levels One
Property SubType Multi Family
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 259200
Additional Parcels Description 142315-0810,142326-0500,142315-0820,142315-0830,142315-0840,142315-0850,142315-0950
County Hillsborough
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name DRUID HILLS REV
Garage Y/N No
Status Active
Directions Traveling on East Busch Blvd,turn South on N 48th Street,the properties will be on your Right and Left.
ModificationTimestamp 2024-06-10T01:01:15.993Z
High School King-HB
City TAMPA
Buyer Agent Compensation 2% -$295
Disclosures Lead Paint
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 8
MLS Area 33617 - Tampa / Temple Terrace
Lot Size Units Acres
Lot Size Square Feet 45302
Waterfront Y/N No
Carport Y/N No
Elementary School Kimbell Elementary School
Land Lease Y/N No
Tax Annual Amount 3468.93
Middle/Junior High School Greco-HB
Additional Parcels Y/N Yes
Virtual Tour https://services.realisticimage.com/e/t5GTDkz
Days on Market 47
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 25
Legal Description DRUID HILLS RE-REVISED LOT 25 BLOCK 9
Water Access Y/N No
Water View Y/N No
Flood Zone Code x

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Laundry Features Inside,Laundry Room
Total Bedrooms 32
LivingAreaSource Public Records
Total Baths 16

Exterior Features

Parking Features Common
Water Source Public
Lot Size Area 1.04
Foundation Details Slab
Number of Buildings 8
Building Area Total 1576
Lot Size Acres 1.04
Road Surface Type Asphalt
Number of Lots 8

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 33617

Price
AVG $1.55M
$2.65M
Taxes
AVG $2,921
$3,468
Visits
AVG 508
825
Data Provided by Inside Real Estate®
Year Built
AVG 1981
1972