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8720 N 48th Street

Tampa, FL 33617

32 beds
16 baths
1,576 sqft
~1 acre lot
$1,586 per sqft
1972 build
– on site

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 courtesy of STELLAR_MLS / DALTON WADE INC

Last checked: Checking… • Last updated Nov 2, 2024 •

MLS# T3521135 —

The Building

Year Built:

1972
New Construction:

false
Construction Materials:

Block
Levels:

One
Roof:

Shingle
Foundation Details:

Slab
# of Buildings:

8
Building Area Total:

1576
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Walk-In Closet(s)
Fireplace:

false

Room Dimensions

Living Area:

1576
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Traveling on East Busch Blvd, turn South on N 48th Street, the properties will be on your Right and Left.
Latitude:

28.030362
Longitude:

-82.408497
Coordinates:

-82.408497, 28.030362

The Property

Parcel Number:

A21281943N00000900025.0
Property Type:

Residential Income
Property Subtype:

Multi Family
Lot Size Acres:

1.04
Lot Size Area:

1.04
Lot Size SqFt:

45302
Lot Size Units:

Acres
Total Acres:

1 to less than 2
Zoning:

RM-16
View:

false
Exterior Features:

Fenced
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

x
Additional Parcels:

true
Additional Parcels Description:

142315-0810, 142326-0500, 142315-0820, 142315-0830, 142315-0840, 142315-0850, 142315-0950
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

25
Tax Block:

9
Tax Legal Description:

DRUID HILLS RE-REVISED LOT 25 BLOCK 9
Tax Book Number:

25-33
Tax Annual Amount:

3468.93

Beds

Bedrooms Total:

32

Baths

Total Baths:

16

The Listing

Virtual Tour URL Unbranded:

https://services.realisticimage.com/e/t5GTDkz
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Available
Sewer:

Public Sewer

Appliances

Appliances:

Range
Laundry Features:

Inside

Schools

Elementary School:

Kimbell Elementary School
Middle Or Junior School:

Greco-HB
High School:

King-HB

The Community

Subdivision Name:

DRUID HILLS REV
Senior Community:

false
Water View:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false
Parking Features:

Common

Extra Units

# of Units Total:

8

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Frontier

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
11/1/24 Nov 1, 2024	Price Changed	STELLAR_MLS	$2,500,000	-4.6%
9/6/24 Sep 6, 2024	Price Changed	STELLAR_MLS	$2,620,000	-1.1%
5/21/24 May 21, 2024	Price Changed	STELLAR_MLS	$2,650,000	-2.9%

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This multifamily located in 40th Street Corridor, Tampa, FL 33617 is currently for sale for $2,500,000. 8720 N 48th Street is a 1,576 square foot multifamily with 32 beds and 16 baths that has been on Estately for 213 days. 8720 N 48th Street is in the 40th Street Corridor neighborhood of Tampa and has a WalkScore® of 77, making it very walkable. This multifamily is in the attendance area of Kimbell Elementary School and King High School.

Listing Courtesy of: STELLAR_MLS and DALTON WADE INC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.