8720 N 48th Street Tampa Florida | Home for Sale
To schedule a showing of 8720 N 48th Street, Tampa, Florida, Call David Shippey at 863-521-4517 TODAY!
Tampa, FL 33617
- 32Beds
- 16.00Total Baths
- 0 Full, 0 HalfBaths
- 1,576SqFt
- 1972Year Built
- 1.04Acres
- MLS# T3521135
- Income
- MultiFamily
- Active
- Approx Time on Market4 months, 28 days
- Area33617 - Tampa / Temple Terrace
- CountyHillsborough
- Subdivision Druid Hills Rev
Overview
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.
Agriculture / Farm
Grazing Permits Blm: ,No,
Grazing Permits Forest Service: ,No,
Grazing Permits Private: ,No,
Horse: No
Association Fees / Info
Senior Community: No
Association: ,No,
Bathroom Info
Total Baths: 16.00
Building Info
Roof: Shingle
Building Area Source: PublicRecords
Buyer Compensation
Exterior Features
Pool Private: No
Exterior Features: Fence
Fees / Restrictions
Financial
Gross Income: 259,200
Expense Tenant: Electricity, TrashCollection, Water
Original Price: $2,760,000
Disclosures: LeadBasedPaintDisclosure
Garage / Parking
Open Parking: No
Parking Features: Common
Attached Garage: No
Garage: No
Carport: No
Green / Env Info
Irrigation Water Rights: ,No,
Interior Features
Fireplace: No
Levels: One
Spa: No
Laundry Features: Inside, LaundryRoom
Interior Features: WalkInClosets
Appliances: Range, Refrigerator
Lot Info
Direction Remarks: Traveling on East Busch Blvd, turn South on N 48th Street, the properties will be on your Right and Left.
Number of Lots: 8
Lot Size Units: Acres
Lot Size Acres: 1.04
Lot Sqft: 45,302
Misc
Other
Special Conditions: None
Other Rooms Info
Basement: No
Property Info
Habitable Residence: ,No,
Section: 21
Class Type: MultiFamily
Property Sub Type: MultiFamily
Property Attached: No
New Construction: No
Construction Materials: Block
Stories: 1
Mobile Home Remains: ,No,
Foundation: Slab
Home Warranty: ,No,
Human Modified: Yes
Sqft Info
Sqft: 1,576
Bulding Area Sqft: 1,576
Living Area Units: SquareFeet
Living Area Source: PublicRecords
Tax Info
Tax Year: 2,023
Tax Lot: 25
Tax Legal Description: DRUID HILLS RE-REVISED LOT 25 BLOCK 9
Tax Block: 9
Tax Annual Amount: 3468.93
Tax Book Number: 25-33
Unit Info
Rent Controlled: No
Total Units: 8
Utilities / Hvac
Electric On Property: ,No,
Heating: Central, WindowUnit, WallFurnace
Water Source: Public
Sewer: PublicSewer
Cool System: CentralAir, WallWindowUnits
Cooling: Yes
Heating: Yes
Utilities: CableAvailable, ElectricityConnected, SewerConnected, WaterConnected
Waterfront / Water
Waterfront: No
View: No
Directions
Traveling on East Busch Blvd, turn South on N 48th Street, the properties will be on your Right and Left.This listing courtesy of Dalton Wade Inc
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program of the My Florida Regional MLS DBA Stellar MLS. XCELLENCE REALTY, INC is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of XCELLENCE REALTY, INC, a broker participant of My Florida Regional MLS DBA Stellar MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
MLS IDX data last updated on 09-20-2024 4:02 PM EST.
If you have any questions on 8720 N 48th Street, Tampa, Florida, please call David Shippey at 863-521-4517.
MLS# T3521135 located at 8720 N 48th Street, Tampa, Florida is brought to you by David Shippey REALTOR®
8720 N 48th Street, Tampa, Florida has 32 Beds, 0 Full Bath, and 0 Half Bath.
The MLS Number for 8720 N 48th Street, Tampa, Florida is T3521135.
The price for 8720 N 48th Street, Tampa, Florida is $2,620,000.
The status of 8720 N 48th Street, Tampa, Florida is Active.
The subdivision of 8720 N 48th Street, Tampa, Florida is Druid Hills Rev.
The home located at 8720 N 48th Street, Tampa, Florida was built in 2024.
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