Vivian Resnick, 1% Listing Agent
This listing was posted on RealtyWW.
$2,760,000
Home For Sale In Tampa, Florida
Price:
$2,760,000
BR/BA:
2 BR
Location:
8720 N 48th St, Tampa, FL
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 upgates 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.For more details: https://realtyww.info/homes_tampa-d523168/for-sale_i71072112
Property Type:
Single-Family Houses
Posted:
April 25 on RealtyWW
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More About this Listing: Home For Sale In Tampa, Florida
Home For Sale In Tampa, Florida is a Two Bedroom Single-Family Homes for Sale at 8720 N 48th St in Tampa FL. Find other listings like Home For Sale In Tampa, Florida and listings near 8720 N 48th St by searching Oodle Classifieds for Two Bedroom Single-Family Homes for Sale in Tampa FL.
Home For Sale In Tampa, Florida is a Two Bedroom Single-Family Homes for Sale at 8720 N 48th St in Tampa FL. Find other listings like Home For Sale In Tampa, Florida and listings near 8720 N 48th St by searching Oodle Classifieds for Two Bedroom Single-Family Homes for Sale in Tampa FL.