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8720 N 48th Street,  Tampa FL, 33617

(Active)
$2,760,000
|
32 beds, 16 baths, 1,576 sqft
|
MLS# T3521135
Last Updated: 5/3/2024 4:05 PM
Description for 8720 N 48th Street 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.
Price
$2,760,000
DRUID HILLS REV
Hillsborough
32
16
1,576 (approx)
T3521135
Active
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.
Listing Information
Property Type: Multi-Family, 1 Story
32 16
1.04 Acres 1,576 (approx) 1972
1 Block
28//
DRUID HILLS REV
Slab
Public
Public Sewer
Cable Available, Electricity Connected, Sewer Connected, Water Connected
Neighborhood
School Information
Kimbell Elementary School Greco-HB King-HB
Room Information
Inside, Laundry Room
Interior Features
Range, Refrigerator
Central Air, Window/Wall Unit
Other, Central
Walk-In Closet(s)
Exterior / Lot Features
Common
Block
Shingle
RM-16
Driving Directions
Traveling on East Busch Blvd, turn South on N 48th Street, the properties will be on your Right and Left.
Financial Considerations
A-21-28-19-43N-000009-00025.0
$3,469
Cash, Conventional
Listing Price History

Tampa Real Estate

Tampa is located in Florida. Tampa, Florida 33617 has a population of 26,768.

The median household income in Tampa, Florida 33617 is $42,302. The median household income for the surrounding county is $63,092 compared to the national median of $66,222. The median age of people living in Tampa 33617 is 39 years.

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Courtesy: DALTON WADE INC, 888-668-8283


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Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Copyright 2017, My Florida Regional MLS
This content last refreshed on 5/3/2024 4:05 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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