8720 N 48TH ST, TAMPA FL 33617
32
BEDS
16
BATHS
1,576
SQ FT
$2,650,000
PROPERTY HIGHLIGHTS
TYPE
Multi-Family
BEDROOMS
32
BATHROOMS
16
LIVING AREA
1,576 sq.ft.
LOT SIZE
1.04 acres
YEAR BUILT
1972
PRIVATE POOL
No
SELLING FIRM
Dalton Wade Inc
MLS#
T3521135
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.
Buying Simplified
Have you outgrown your current home, do you wish to downsize, or are you thinking about a change of scenery? Buying a home represents one of the most significant investments of your life. For most, this is an exciting but overwhelming time. You want someone looking out for your interests.
Whether new construction or pre-owned, we’ll help you find the perfect home to fit your needs. Our buyer services are paid for by the seller, so you can leverage our expertise without paying a buyers’ agent fee. We look forward to helping you start the next chapter of your Tampa Bay housing journey!
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PROPERTY DETAILS
INTERIOR FEATURES
Walk-In Closet(s)
APPLIANCES
Range, Refrigerator
HEATING
Central, Wall Units / Window Unit
COOLING
Central Air, Wall/Window Unit(s)
FIREPLACE
No
EXTERIOR FEATURES
Fence
COMMUNITY POOL
No
WATERFRONT
No
COUNTY
Hillsborough
ELEMENTARY SCHOOL
Kimbell Elementary School
MIDDLE SCHOOL
Greco-HB
HIGH SCHOOL
King-HB