8720 48Th StTampa, FL 33617

Property Details for 8720 48Th St

Lot size

1.04 AC

Property size (Sq ft)

13,636 SF

Property type

Apartment buildings

Property subtype

Small apartment buildings

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

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