FL
Hillsborough
TAMPA
33617
8720 N 48TH STREET
8720 N 48TH STREET, TAMPA, FL 33617
Listing Type
single family
Listing Status
active
44
$2,650,000

Home Details for 8720 N 48TH STREET

Price
$2,650,000
Type
Residential Income
Bedrooms
32
Bathrooms
16.0
Square feet
1576
Year built
1972
Lot size acres
1.04
County
Hillsborough
Garage
Days on site
53
MLS Listing#
T3521135
Listing courtesy: DALTON WADE INC - 888-668-8283
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.

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Property Features
  • Utilities
    • Cable Available
    • Electricity Connected
    • Sewer Connected
    • Water Connected
  • Cooling Information
    • Central Air
    • Wall/Window Unit(s)
  • Heating Information
    • Central
    • Wall Units / Window Unit
  • Water Features
    • Public
  • House Interior
    • Walk-In Closet(s)
School Information
School Information for 8720 N 48TH STREET, TAMPA, FL 33617
Elementary School
Kimbell Elementary School
Middle School
Greco-HB
High School
King-HB
Listings courtesy of Stellar MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.
Last Updated: 2024-06-09 21:13:53
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Median Listing Price
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Median Square Feet
Market statistics compiled from data from Stellar MLS.
EXIT ELITE REALTY
13911 N. Dale Mabry Hwy Suite #201, Tampa, FL 33618
Office
813 835 0000
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