8720 N 48TH STREET

TAMPA, FL 33617

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.

Listing courtesy of DALTON WADE INC 8134102890



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Data last updated at: 2024-10-29 08:00 PM EDT