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
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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.
Updated on June 26, 2024 8:50 AM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is 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. Information is deemed reliable but not guaranteed.
