8720 N 48TH STREET TAMPA FL 33617 MLS #T3521135 | Gary Kusher | Florida Real Estate

8720 N 48TH STREET
TAMPA, FL, 33617
$2,620,000
32 Beds
16 Baths
1,576 SqFt
1.04 Acres
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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.
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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.

Property Details

Price:
$2,620,000
MLS #:
T3521135
Status:
Active
Beds:
32
Baths:
16
Address:
8720 N 48TH STREET
Type:
Multi Family
Subdivision:
DRUID HILLS REV
Neighborhood:
33617 – Tampa / Temple Terrace
City:
TAMPA
Listed Date:
Apr 23, 2024
State:
FL
Finished Sq Ft:
1,576
Total Sq Ft:
1,576
ZIP:
33617
Lot Size:
45,302 sqft / 1.04 acres (approx)
Year Built:
1972
Units:
8
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I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.

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Schools

Elementary School:
Kimbell Elementary School
Middle School:
Greco-HB
High School:
King-HB

Interior

Appliances
Range, Refrigerator
Cooling
Central Air, Wall/ Window Unit(s)
Heating
Central, Wall Units / Window Unit
Laundry Features
Inside, Laundry Room

Exterior

Construction Materials
Block
Exterior Features
Fenced
Parking Features
Common
Roof
Shingle

Financial

Tax Year
2023
Taxes
$3,469

Map

Community

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8720 N 48TH STREET
TAMPA, FL