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8720 N 48TH STREET
TAMPA FL 33617 US

$2,760,000

Active Listing ID T3521135
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32 bed
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Lot: 1.04 Acres
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Multi Family

$2,760,000

Active Listing ID T3521135
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8720 N 48TH STREET 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

  • Facts
  • Lot Size: 1.04 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Multi Family
  • Features
  • Cooling System: Window Unit(s) A/C
  • Exterior Finish: Fence
  • Roof Type: Shingle
  • Heating Fuels: Central Furnace, Wall Unit

School Information

  • School
  • Kimbell Elementary School(Elementary)
  • Greco-HB(MiddleSchool)
  • King-HB(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Multi Family
  • listprice: 2760000
  • unparsedaddress: 8720 N 48TH STREET
  • postalcity: TAMPA
  • stateorprovince: FL
  • country: US
  • postalcode: 33617
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.04
  • lotsizeunits: Acres
  • lotsizearea: 1.04
  • livingarea: 1576
  • livingareaunits: Square Feet
  • latitude: 28.030362
  • longitude: -82.408497
  • listagentfullname: Vivian Resnick
  • listagentemail: vivian@vivianresnick.com
  • listagentkey: 3yd-PINELLAS-261548622
  • listagentmlsid: 261548622
  • listagentpreferredphone: 8134102890
  • listagentofficephone: 8886688283
  • listofficekey: 3yd-PINELLAS-260031661
  • listofficemlsid: 260031661
  • disclaimer: Copyright © 2024 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: PINELLAS
  • yearbuilt: 1972
  • listingcontractdate: 2024-04-22
  • countyorparish: Hillsborough
  • parcelnumber: A-21-28-19-43N-000009-00025.0
  • elementaryschool: Kimbell Elementary School
  • highschool: King-HB
  • appliances: Range, Refrigerator
  • cooling: Window Unit(s) A/C
  • constructionmaterials: Block
  • heating: Central Furnace, Wall Unit
  • numberofunitstotal: 1
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Shingle
  • waterfrontyn: False
  • interiorfeatures: Walk-in Closet(s)
  • exteriorfeatures: Fence
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -82.408497, 28.030362
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Listing Changed: 4/28/2024 10:34:51 PM GMT
Source Updated Date: 5/5/2024 6:43:15 AM GMT

Courtesy of: Vivian Resnick, DALTON WADE INC, vivian@vivianresnick.com

Copyright © 2024 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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