Listing Courtesy of: 
STELLAR / Dalton Wade Inc - Contact: 888-668-8283
STELLAR / Dalton Wade Inc - Contact: 888-668-8283 8720 N 48th Street Tampa, FL 33617
Active (137 Days)
$2,620,000
Description
MLS #:
T3521135
T3521135
Taxes
$3,469(2023)
$3,469(2023)
Lot Size
1.04 acres
1.04 acres
Type
Multifamily
Multifamily
Year Built
1972
1972
County
Hillsborough County
Hillsborough County
Listed By
Vivian Resnick, Dalton Wade Inc, Contact: 888-668-8283
Source
STELLAR
Last checked Sep 8 2024 at 3:46 AM GMT+0000
STELLAR
Last checked Sep 8 2024 at 3:46 AM GMT+0000
Bathroom Details
Interior Features
- Walk-In Closet(s)
- Appliances: Range
- Appliances: Refrigerator
Subdivision
- Druid Hills Rev
Property Features
- Foundation: Slab
Heating and Cooling
- Central
- Wall Units / Window Unit
- Wall/Window Unit(s)
- Central Air
Exterior Features
- Block
- Roof: Shingle
Utility Information
- Utilities: Water Connected, Water Source: Public, Electricity Connected, Sewer Connected, Cable Available
- Sewer: Public Sewer
School Information
- Elementary School: Kimbell Elementary School
- Middle School: Greco-Hb
- High School: King-Hb
Parking
- Common
Living Area
- 1,576 sqft
Additional Information: Dalton Wade Inc | 888-668-8283
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by CENTURY 21 Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Listings Courtesy of “My Florida Regional MLS DBA Stellar MLS © 2024. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any other purpose other than to identify properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Last Updated: 9/7/24 20:46
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.
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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.