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 upgates 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.
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 upgates 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 Details
Price:
$2,760,000
MLS #:
T3521135
Status:
Active
Beds:
32
Baths:
16
Address:
8720 N 48TH STREET
Type:
Multi Family
Subdivision:
DRUID HILLS REV
City:
TAMPA
Listed Date:
Apr 23, 2024
State:
FL
Finished Sq Ft:
1,576
ZIP:
33617
Lot Size:
45,302 sqft / 1.04 acres (approx)
Year Built:
1972
Units:
8
Schools
Elementary School:
Kimbell Elementary School
Middle School:
Greco-HB
High School:
King-HB
Interior
Appliances
Range, Refrigerator
Cooling
Central Air, Wall/ Window Unit(s)
Heating
Central, Wall Units / Window Unit
Laundry Features
Inside, Laundry Room
Exterior
Construction Materials
Block
Exterior Features
Fenced
Parking Features
Common
Roof
Shingle
Financial
Buyer Agent Compensation
1.25%%
Tax Year
2023
Taxes
$3,469
Map
Community
- Address8720 N 48TH STREET TAMPA FL
- CityTAMPA
- CountyHillsborough
- Zip Code33617
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Courtesy of DALTON WADE INC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 8720 N 48TH STREET
TAMPA, FL
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