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8720 N 48th Street, Tampa, FL 33617 (MLS # T3521135)

Price $2,760,000
Status Active
Beds 32
Baths 16 Baths
Home size 1,576 sqft
Lot Size 1.04 ac
Days on Market 13
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.
Property Type(s): Multi Family
Last Updated 4/23/2024 Tract DRUID HILLS REV
Year Built 1972 Community 33617 - Tampa / Temple Terrace
County Hillsborough

SCHOOLS

Elementary School Kimbell Elementary School
Jr. High School Greco-HB
High School King-HB

Additional Details

AIR Central Air, Wall/Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Range, Refrigerator
AREA 33617 - Tampa / Temple Terrace
BUYER'S BROKERAGE COMPENSATION 1.25%
CONSTRUCTION Block
HEAT Central
INTERIOR Walk-In Closet(s)
LOT 1.04 acre(s)
PARKING Common
SEWER Public Sewer
STORIES 1
SUBDIVISION DRUID HILLS REV
TAXES 3468.93
UTILITIES Cable Available, Electricity Connected, Sewer Connected, Water Connected
WATER Public
ZONING RM-16
 

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Listing provided by Vivian Resnick, DALTON WADE INC, 888-668-8283
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 5/4/24 2:13 PM PDT.

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