FL
Hillsborough
TAMPA
33617
8720 N 48TH STREET
8720 N 48TH STREET, TAMPA, FL 33617
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Listing Type
Commercial/Industrial
Listing Status
active
6
$2,200,000

Home Details for 8720 N 48TH STREET

Price
$2,200,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
1576
Year built
1972
Lot size acres
0.13
County
Hillsborough
Garage
Days on site
93
MLS Listing#
TB8400257
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.

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Property Features
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    • Ductless
Listing Courtesy: ALL COUNTY ADVANCE PROPERTY MANAGEMENT - 727-284-7368
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Last Updated: 2025-06-24 23:31:19
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EXIT KING REALTY
8728 East State Rd 70, Bradenton, FL 34202
Kendel Sailer
Sales Representative
Office
941 497 6060
Agent
941 526 5098
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