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8720 N 48th Street, Tampa, FL 33617
$2,650,000
8720 N 48th Street, Tampa, FL 33617View this property at 8720 N 48th Street, Tampa, FL 33617
8720 N 48th StreetTampaFL33617
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Property 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 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.
Full Property Details
Full Property Details for 8720 N 48th St
General
- Price: $2,650,000
- Taxes: $3,468 (2023)
- Status: Active
- Type: Multi-Family
- MLS ID: T3521135
- Updated: 5/21/2024
- Added to Site: 45 day(s) ago
Interior
- Interior Features: Walk-In Closet(s)
- Appliances: Range, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 16
Bedrooms
- Total Bedrooms: 32
Other Rooms
- Laundry: Inside, Laundry Room
Exterior
- Exterior Features: Fenced
Parking
- Parking Features: Common
Location
- Area: 33617 - Tampa / Temple Terrace
- County: Hillsborough
- Development Name: 33617 - Tampa / Temple Terrace
- Subdivision: DRUID HILLS REV
- Driving Directions: Traveling on East Busch Blvd, turn South on N 48th Street, the properties will be on your Right and Left.
School Information
- Elementary School: Kimbell Elementary School
- Middle School: Greco-HB
- High School: King-HB
Community
- Community Name: 33617 - Tampa / Temple Terrace
Heating & Cooling
- Cooling Type: Central Air, Wall/Window Unit(s)
- Heating Type: Central, Wall Units / Window Unit
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- # Buildings: 8
- Exterior Const.: Block
- Roof: Shingle
- Stories/Levels: One
- Square Feet: 1,576
- Sq. Ft. Source: Public Records
- Year Built: 1972
Lot Features
- Lot Size (Acres): 1.04
- Lot Size (Sq. Ft.): 45,302
- Lot Size: 1.04
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $3,468.93
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2% -$295
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: DRUID HILLS RE-REVISED LOT 25 BLOCK 9
- Flood Zone Info: x
- Disclosures/Reports: Lead Paint
- APN: A21281943N00000900025.0
- Property ID: A21281943N00000900025.0
- Block/Lot/Section: 9
Listed by Dalton Wade Inc
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Schools
Schools serving 8720 N 48th St
School District:Hillsborough County School District
Rating | Name | Grades | Distance |
---|---|---|---|
8406 N 46th St, Tampa, FL 33617 | PK-5 | 0.3 mi | |
6925 E Fowler Ave, Temple Terr, FL 33617 | 6-8 | 2.5 mi | |
6815 N 56th St, Tampa, FL 33610 | 9-12 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8720 N 48th St
Date
Details
Price
Change
Source
5/21/2024
Price Reduced
$2,650,000
-2.93%
MLS
5/06/2024
Price Reduced
$2,730,000
-1.09%
MLS
4/23/2024
Listed
$2,760,000
78.06%
MLS
5/17/2021
Sold
$1,550,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8720 N 48th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,469
37%
$171,672
43%
2021
$2,532
-24%
$119,636
-26%
2022
$3,311
31%
$162,461
43%
2021
$2,532
17%
$113,221
13%
2019
$2,161
10%
$100,157
29%
2018
$1,971
63%
$77,452
32%
2017
$1,206
-23%
$58,623
23%
2016
$1,569
-69%
$47,607
-79%
2015
$5,124
6%
$227,900
2%
2014
$4,853
3%
$223,800
4%
2013
$4,719
—
$215,052
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8720 N 48th St
8720 N 48th Street, Tampa, FL 33617 (MLS# T3521135) is a Multi-Family property with 8 units containing 32 bedrooms and 0 full bathrooms. 8720 N 48th Street is currently listed for $2,650,000 and was received on April 23, 2024. Want to learn more about 8720 N 48th Street? Do you have questions about finding other Multi-Family real estate for sale in Temple Crest? You can browse all Temple Crest real estate or contact a Coldwell Banker agent to request more information.