Contact Jodie Dial
Schedule A Showing
8720 48th Street, TAMPA, FL 33617
Priced at Only: $2,500,000
For more Information Call
Mobile: 561.201.1100
Address: 8720 48th Street, TAMPA, FL 33617
Property Photos
Property Location and Similar Properties
- MLS#: T3521135 ( Residential Income )
- Street Address: 8720 48th Street
- Viewed: 16
- Price: $2,500,000
- Price sqft: $1,586
- Waterfront: No
- Year Built: 1972
- Bldg sqft: 1576
- Bedrooms: 32
- Total Baths: 16
- Days On Market: 243
- Additional Information
- Geolocation: 28.0304 / -82.4085
- County: HILLSBOROUGH
- City: TAMPA
- Zipcode: 33617
- Subdivision: Druid Hills Rev
- Elementary School: Kimbell Elementary School
- Middle School: Greco HB
- High School: King HB
- Provided by: DALTON WADE INC
- Contact: Vivian Resnick
- 888-668-8283
- DMCA Notice
-
DescriptionINVESTORS, 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.
Features
Appliances
- Range
- Refrigerator
Home Owners Association Fee
- 0.00
Baths Total
- 16
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- Central Air
- Wall/Window Unit(s)
Country
- US
Covered Spaces
- 0.00
Exterior Features
- Fence
Garage Spaces
- 0.00
Heating
- Central
- Wall Units / Window Unit
High School
- King-HB
Interior Features
- Walk-In Closet(s)
Legal Description
- DRUID HILLS RE-REVISED LOT 25 BLOCK 9
Levels
- One
Living Area
- 1576.00
Middle School
- Greco-HB
Area Major
- 33617 - Tampa / Temple Terrace
Net Operating Income
- 0.00
Occupant Type
- Tenant
Parcel Number
- A-21-28-19-43N-000009-00025.0
Parking Features
- Common
Possession
- Close of Escrow
Property Type
- Residential Income
Roof
- Shingle
School Elementary
- Kimbell Elementary School
Sewer
- Public Sewer
Tax Year
- 2023
Tenant Pays
- Electricity
- Trash Collection
- Water
Township
- 28
Utilities
- Cable Available
- Electricity Connected
- Sewer Connected
- Water Connected
Views
- 16
Virtual Tour Url
- https://services.realisticimage.com/e/t5GTDkz
Water Source
- Public
Year Built
- 1972
Zoning Code
- RM-16
- Jodie Dial, GRI,REALTOR ®
- Tropic Shores Realty
- Dial Jodie at (352) 257-3760
- Mobile: 561.201.1100
- Mobile: 352.257.3760
- 561.201.1100
- dialjodie@gmail.com