$2,650,000 • bedroom(s) • living size area 1576 sqft
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.Multi Family 32 bedrooms - DRUID HILLS REV for Sale
8720 N 48TH, TAMPA, FL 33617Asking Price$2,650,000 Change Price$80,000
- 32bdr
- Living 1576sqft
- Lot size 45302sqft
- Taxes: Register to see
- Year Built 1972
-
Days on market:
47 day(s) Original Price:
$2,760,000-
Price per sqft:
$1681.47 Tax Legal Description:
DRUID HILLS RE-REVISED LOT 25 BLOCK 9Tax Year:
2023-
MLS:
T3521135 -
Property Type:
Multi Family -
Parking:
Common
Elementary School:
Kimbell Elementary SchoolMiddle School:
Greco-HBSenior High School:
King-HB
Construction Type:
BlockRoof:
ShingleCooling Description:
Central AirWall/Window Unit(s)Heating Description:
CentralWall Units / Window UnitInterior Features:
Walk-In Closet(s)Exterior Features:
FencedEquipment/Appliances:
Refrigerator RangeSpecial Listing Conditions:
None
Description
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