Property Attributes
- MLS#T3521135
- TypeIncome
- CountyHILLSBOROUGH
- CityTAMPA
- AreaTampa - Temple Terrace
- NeighborhoodDruid Hills Rev
- Zip33617
- StyleMulti Family
- Year Built1972
- Taxes$ 3468
- Price$ 2,760,000
- Bedrooms32
- Full Bathrooms16
- Half Bathrooms0
- Sqr Footage1576
- Lot Size1.04 Acres
Data Source:
Stellar MLS
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.
Elementary School | Middle School | High School |
---|---|---|
Kimbell Elementary School | Greco-HB Middle School | King-HB High School |
Price History | |
---|---|
4/24/2024 | Listed $2,760,000 |
General Features
Interior Features | Walk-In Closet(s) |
---|---|
Sewer | Public Sewer |
Heating | Central,Wall Units / Window Unit |
Cooling | Central Air,Wall/Window Unit(s) |
Utilities | Cable Available,Electricity Connected,Sewer Connected,Water Connected |
Roof | Shingle |
Appliances | Range,Refrigerator |
Exterior Features | Fenced |
Zoning | RM-16 |
Construction Materials | Block |
Year Built | 1972 |
Levels | One |
Property SubType | Multi Family |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
County | Hillsborough |
New Construction | No |
Property Type | Residential Income |
HOA / Comm Assn | No |
Subdivision Name | DRUID HILLS REV |
Garage Y/N | No |
Status | Active |
Directions | Traveling on East Busch Blvd,turn South on N 48th Street,the properties will be on your Right and Left. |
High School | King-HB |
City | TAMPA |
Buyer Agent Compensation | 1.25% |
Senior Community Y/N | No |
Total Units | 8 |
MLS Area | 33617 - Tampa / Temple Terrace |
Lot Size Square Feet | 45302 |
Private Pool | No |
Waterfront Y/N | No |
Carport Y/N | No |
Street Name | 48th |
Listing Terms | Cash,Conventional |
Elementary School | Kimbell Elementary School |
Tax Annual Amount | 3468.93 |
Middle/Junior High School | Greco-HB |
Public Remarks | 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 |
Virtual Tour | https://services.realisticimage.com/e/t5GTDkz |
Days on Market | 5 |
Standard Status | Active |
Tax Lot | 25 |
Legal Description | DRUID HILLS RE-REVISED LOT 25 BLOCK 9 |
Interior Features
Air Conditioning Y/N | Yes |
---|---|
Heating Y/N | Yes |
Fireplace Y/N | No |
Street Suffix | STREET |
Laundry Features | Inside,Laundry Room |
Total Bedrooms | 32 |
LivingAreaSource | Public Records |
Total Baths | 16 |
Living Area Units | Square Feet |
Exterior Features
Parking Features | Common |
---|---|
Water Source | Public |
Lot Size Area | 1.04 |
Foundation Details | Slab |
Number of Buildings | 8 |
Building Area Total | 1576 |
Lot Size Acres | 1.04 |
Road Surface Type | Asphalt |
Lot Size Units | Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool