8720 48Th StTampa, FL 33617
- Residential income properties
- 13,636 SF
Property Details for 8720 48Th St
- Lot size
- 1.04 AC
- Property size (Sq ft)
- 13,636 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
This exceptional investment opportunity presents eight, one-story block construction duplexes totaling sixteen units in Tampa, Florida. Situated on a 1.04-acre lot, this portfolio boasts 13,636 square feet of living space, built between 1972 and 1973. Each duplex features two bedrooms, one bathroom, a laundry room, and a fully fenced yard with two dedicated parking spots. Currently generating $259,200 in annual gross income and $168,400 in net income, the property offers significant upside potential. Recent improvements include four new AC units, upgraded plumbing, and renovations in vacated units. With further upgrades, market rent could reach $1700 per month per unit, increasing annual gross income to $326,400. The portfolio benefits from a low vacancy rate, tenant responsibility for utilities (water, trash, electric), and a location convenient to I-275, downtown Tampa, and major amenities. The property is not located in a flood zone and is zoned RM-16. This is a rare opportunity to acquire a substantial multifamily portfolio in a thriving Tampa market. Proof of funds is required for showings.
Location Insight
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Latitude
- 28.0304
- Longitude
- -82.4085
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].