8720 N 48TH ST, TAMPA FL 33617

32
BEDS

16
BATHS

1,576
SQ FT

$2,730,000

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

Read more about this listing 8720 N 48TH ST TAMPA, FL 33617

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.

...READ MORE ABOUT THIS HOME...

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

MORTGAGE CALCULATOR

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Listings courtesy of Stellar MLS as distributed by MLS GRID based on information submitted to the MLS GRID as of Tue, 21 May 2024 09:38:42 GMT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Property information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID, and the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.