8720 N 48TH ST Active Save Request In-Person Tour Request Virtual Tour
Tampa,FL 33617
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,576 sqft
Price per Sqft $1,395
MLS Listing ID TB8400257
Construction Status Completed
HOA Y/N No
Year Built 1972
Annual Tax Amount $3,388
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
Snapshot a True Cash-Flow Engine in Tampa's Growth Corridor
Tucked into a quiet pocket of Temple Terrace—just two miles from the University of South Florida and minutes to AdventHealth, Moffitt Cancer Center, Busch Gardens, and the I-75/I-275 junction—This 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 parking—features 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 package—LVP flooring, shaker cabinets, stainless appliances—pairs readily with the concrete-block bones and lifts rents to $1,400+ while still keeping cost per unit under new-build figures.
Whether you're chasing yield, seeking a 1031 or assembling scale in Tampa's coveted workforce-housing lane, This listing checks every box: location, durability, cash flow, and clear runway for rent growth—all at a basis you'll be bragging about for years.
Location
State FL
County Hillsborough
Area 33617 - Tampa / Temple Terrace
Interior
Cooling Ductless
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Structure Type Block
New Construction false
Construction Status Completed
Others
Ownership Corporation
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8400257