$2,650,000 Price Analysis    ♡   Tampa, FL 33617 32 bed 16 bath 1,576 SqFt ($1681/SqFt) 1.04 acre lot. Built 1972 Listed 2024-04-23, Taxes $3,310 | Ⓧ USDA Ineligible due to price & location near Tampa |
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 fnced 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.
Presented by Vivian Resnick, 1% Listing Agent at
DALTON WADE INC.
Property MLS #T3521135 from StellarMLS
Full Bathrooms: 16
Refrigerator
Laundry Features: Inside, Laundry Room
Heating Features: Central, Wall Units / Window Unit
Road Surface Type: Asphalt
Lot Size Acres: 1.04
Number of Lots: 8
Lot Size Square Feet: 45302
Calculated Total Monthly Association Fees: 0
Number of Units: 8
Bedrooms in Unit-1: 2
Total Bathrooms in Unit-1: 1
High School: King-HB
Middle School: Greco-HB
Map directions Map directions Map directions Map directionsTenant Pays: Electricity, Trash Collection, Water
Source Listing Status: Active
County: Hillsborough
Directions: Traveling on East Busch Blvd, turn South on N 48th Street, the properties will be on your Right and Left.
Tax Year: 2023
Ownership: Fee Simple
Source Property Type: Residential Income
Area: 33617 - Tampa / Temple Terrace
Source Neighborhood: DRUID HILLS REV
Parcel Number: A-21-28-19-43N-000009-00025.0
Postal Code Plus 4: 6022
Subdivision: DRUID HILLS REV
Township: 28
Zoning: RM-16
Property Subtype: Multi-Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $125,304 + $37,157 $162,461 | $3,310 |
| 2021 | $101,415 + $18,221 $119,636 | $2,531 |
| 2020 | $unknown + $unknown $110,173 | $2,371 |
| 2019 | $87,295 + $12,862 $100,157 | $2,160 |
| 2018 | $66,734 + $10,718 $77,452 | $1,971 |
| 2017 | $52,835 + $5,788 $58,623 | $1,206 |
| 2016 | $40,662 + $6,945 $47,607 | $1,569 |
| 2015 | $unknown + $unknown $227,900 | $5,124 |
| 2014 | $unknown + $unknown $223,800 | $4,852 |
| 2013 | $unknown + $unknown $215,052 | $4,719 |
| 2012 | $unknown + $unknown $193,224 | $4,331 |
| 2011 | $unknown + $unknown $205,386 | $4,602 |
| 2010 | $unknown + $unknown $256,715 | $5,675 |
| 2009 | $unknown + $unknown $376,980 | $8,302 |
| 2008 | $unknown + $unknown $502,032 | $11,051 |
| 2007 | $unknown + $unknown $607,302 | $13,178 |
$2,650,000
StellarMLS
Price Changed 2024-05-06
$2,730,000
StellarMLS
Listed 2024-04-23
$2,760,000
StellarMLS
Listing removed 2021-10-29
$425,000
StellarMLS
Sold 2021-05-20
$1,550,000
Public Record
Sold 2018-11-17
$1,275,000
Public Record
Sold 2015-05-12
$450,000
Public Record
Sold 2011-03-14
$489,331
Public Record
Sold 2005-10-28
$720,000
Public Record
Year Built: 1972
Building Area Source: Public Records
Building Area Total: 1576
Construction Materials: Block
Foundation Details: Slab
Levels: One
Property Age: 52
Roof: Shingle
Cable Available
Electricity Connected
Sewer Connected
Water Connected
Water Source: Public
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.