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8720 48th Street, TAMPA, FL 33617
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  • MLS#: TB8400257 ( Commercial Sale )
  • Street Address: 8720 48th Street
  • Viewed: 17
  • Price: $2,200,000
  • Price sqft: $1,313
  • Waterfront: No
  • Year Built: 1972
  • Bldg sqft: 1676
  • Days On Market: 11
  • Additional Information
  • Geolocation: 28.0304 / -82.4085
  • County: HILLSBOROUGH
  • City: TAMPA
  • Zipcode: 33617
  • Provided by: ALL COUNTY ADVANCE PROPERTY MANAGEMENT
  • mfrmls
  • DMCA Notice
  • Description
    Snapshot a True Cash Flow Engine in Tampas Growth Corridor Tucked into a quiet pocket of Temple Terracejust two miles from the University of South Florida and minutes to AdventHealth, Moffitt Cancer Center, Busch Gardens, and the I 75/I 275 junctionThis listing offers investors the best of every multifamily buzzword: concrete block durability, walk to demand drivers, sub replacement pricing, and an in place yield that starts at 9 .6 percent and only goes up from there. Eight solid block duplexes spread across eight contiguous lots create sixteen stand alone 1 bed / 1 bath cottages. Each home enjoys private yard space, individual electric metering, mini split HVAC, and off street parkingfeatures renters covet yet almost never find at this price point. Current leases average $1,280/month (no unit below $1,080) and throw off $210,060 NOI, equating to $137,500 per door and an in place 9.6 % cap on the $2.2 million ask. Upside is refreshingly uncomplicated: lease two turn ready cottages at market $1,300+, implement RUBS to shift water/sewer to tenants, and watch cap rate break double digits without swinging a hammer. For those who like value add, a light interior packageLVP flooring, shaker cabinets, stainless appliancespairs readily with the concrete block bones and lifts rents to $1,400+ while still keeping cost per unit under new build figures. Whether youre chasing yield, seeking a 1031 or assembling scale in Tampas coveted workforce housing lane, This listing checks every box: location, durability, cash flow, and clear runway for rent growthall at a basis youll be bragging about for years.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 1576.00
Property Information
  • Property Condition: Completed
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Cooling: Ductless
  • Road Frontage Type: City Street
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Legal Description: DRUID HILLS RE-REVISED LOT 25 BLOCK 9
  • Levels: One
  • Area Major: 33617 - Tampa / Temple Terrace
  • Parcel Number: A-21-28-19-43N-000009-00025.0
  • Views: 17
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  1. Marian Casteel, BrkrAssc,REALTOR ®
  2. Tropic Shores Realty
  3. CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
  4. Mobile: 352.601.6367
  5. Mobile: 352.601.6367
  6. 352.601.6367
  7. mariancasteel@yahoo.com