8720 North 48th Street

Tampa, FL 33617

$2,500,000
Price
32
Beds
1,576 Sq. Ft.
$1,586 / Sq. Ft.
1,576
Sq. Ft.
$1,586
per Sq. Ft.
a view of a house with backyard and trees
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Description

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...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.
  1. Listed by Vivian Resnick • DALTON WADE INC

Property Details for 8720 North 48th Street

Subdivision Name
DRUID HILLS REV
Township
28
Waterfront
No
LISTING UPDATED: 11/01/2024 07:53 PM

Property Details for 8720 North 48th Street

StatusActive
MLS #T3521135
Days on Market207
Taxes$3,469 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1972
Lot Size1.04 AC / 45,302 SF
CountyHillsborough County

Building Information for 8720 North 48th Street

Stories-Residences8Year Built1972Building Size-Lot Size1.04 AC / 45,302 SF

Property Information for 8720 North 48th Street

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 1576.0
  • Building Area Units: Square Feet
  • Directions: Traveling on East Busch Blvd, turn South on N 48th Street, the properties will be on your Right and Left.
  • Elementary School: Kimbell Elementary School
  • Middle Or Junior School: Greco-HB
  • High School: King-HB
  • Mls Major Change Type: Back On Market
  • Major Change Type: Back On Market
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 8720
  • Street Direction Prefix: N
  • Street Name: 48TH
  • Street Suffix: STREET
  • State: FL
  • City: TAMPA
Parking
  • Carport: No
  • Garage: No
  • Parking Features: Common
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 9
  • Tax Book Number: 25-33
  • Tax Legal Description: DRUID HILLS RE-REVISED LOT 25 BLOCK 9
  • Tax Lot: 25
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels Description: 142315-0810, 142326-0500, 142315-0820, 142315-0830, 142315-0840, 142315-0850, 142315-0950
  • Additional Parcels: Yes
  • Parcel Number: A-21-28-19-43N-000009-00025.0
  • Total Acreage: 1 to less than 2
  • Total Num Buildings: 8
  • Water Access: No
  • Water Extras: No
  • Zoning: RM-16
  • Living Area: 1576
Property and Assessments
  • Year Built Numeric: 1972
  • Flood Zone Code: x
  • New Construction: No
  • Number Of Lots: 8
  • Public Survey Range: 19
  • Public Survey Section: 21
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block
  • Exterior Features: Fenced
  • Foundation Details: Slab
  • Levels: One
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 32
  • Appliances: Range, Refrigerator
  • Cooling: Central Air, Wall/Window Unit(s)
  • Fireplace: No
  • Heating: Central, Wall Units / Window Unit
  • Interior Features: Walk-In Closet(s)
  • Laundry Features: Inside, Laundry Room
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $168,400.00
  • Gross Income: $259,200
  • Unit Count: 1
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 2
  • Unit Type Heated Sq Ft 1: 1576
  • Unit Type Number Of Units Occupied 1: 16
  • Unit Type Pro Forma 1: 1700
  • Unit Type Type 1: 2 Bed/1 Bath
  • Unit Type Units Total 1: 16
Rental
Rental Information
  • Tenant Pays: Electricity, Trash Collection, Water

Property History for 8720 North 48th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8720 North 48th Street

Taxable ValueLand$40,016Additions$131,656Total$171,672
Tax Record2023$3,469 ($289 / month)
Home Facts
Total Finished SqFt1,576 SqFtAbove Grade Finished SqFt1,576 SqFtStories1Lot Size5,550 SqFtStyleDuplexYear Built1972Year Renovated1997ZoningRM-16CountyHILLSBOROUGHAPNA21281943N000009000250

Schools near 8720 North 48th Street

This home is within Hillsborough.
Rating
School
Type
Grades
Distance
Kimbell Elementary School
Public - PK to 5
Greco Middle School
Public - 6 to 8
King High School
Public - 9 to 12
Village Of Excellence Academy
Charter - K to 5
Rating
School
Distance
Kimbell Elementary School
PublicPK to 5

Greco Middle School
Public6 to 8

King High School
Public9 to 12

Village Of Excellence Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 8720 North 48th Street, Tampa, FL 33617

8720 North 48th Street is a multi-family home for sale in Tampa, FL 33617. This property was listed for sale on April 22, 2024 by DALTON WADE INC, it's currently listed at $2,500,000. It has been on the market for a total of 207 days and was last sold on May 17, 2021. This listing's school district is Hillsborough. Nearby schools include Kimbell Elementary School, Greco Middle School and King High School. 8720 North 48th Street is a 32-bed, 0-bath, 1,576 sqft multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of DALTON WADE INC, Vivian Resnick

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 11/01/2024 07:53 PM