7 months on rocket

8720 N 48th St, Tampa, FL, 33617

$2,500,000

Home List Price

$10,000*

Closing Credit

32 Bedrooms
16 Baths
1,576 SqFt
$1,586/SqFt
Multi

Location

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8720 N 48th St, Tampa$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingCommon
Year Built1972
HeatingCentral, Window Unit(s)
CoolingCentral Air, Wall/Window Unit(s)
MLS #T3521135
Lot Size1.04 Acres
StatusActive

About 8720 N 48th St

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.

Property Details

Property Features

Property Information:

  • Year Built: 1972
  • Living Area: 1,576 SqFt

Listing Office:

  • Office Name: DALTON WADE INC
  • Office Phone: (888) 668-8283
  • Listing Agent: Vivian Resnick

Interior Features

Interior Information:

  • Appliances: Range, Refrigerator
  • Interior: Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Total Bedroom Count: 32

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Fence

Parking Information:

  • Parking: Common

Lot Features

Lot Information:

  • Lot Size: 1.04 Acres

Utilities

Utilities Information:

  • Heating: Central, Window Unit(s)
  • Cooling: Central Air, Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Traveling on East Busch Blvd, turn South on N 48th Street, the properties will be on your Right and Left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000
  • Price Per SqFt: $1,586/SqFt

Tax Information:

  • Annual Amount: $2,371
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Tampa, FL.

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Tampa, FL

City

Med. Sold Price

$424.7K

Med. Price/SqFt

$274

Avg. Days On Market

53

# of Sold Homes

545

8720 N 48th St vs Tampa

212 DAYS ON ROCKET

+159 Days

$2,500,000

+$2.0M More

$1,586/SqFt

+$1.3K More

KEY TAKEAWAY

This property is $2.0M more than the Median Sold Price and $1.3K/SqFt more than other homes in Tampa, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #T3521135

Listing Office:

  • Office Name: DALTON WADE INC
  • Office Phone: (888) 668-8283
  • Listing Agent: Vivian Resnick

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 10:49:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 20, 2021Home Sold
$1,550,000
Nov 17, 2018Home Sold
$1,275,000
May 12, 2015Home Sold
$540,000
May 12, 2015Home Sold
$450,000
Mar 14, 2011Home Sold
$489,331
Oct 28, 2005Home Sold
$720,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,371$113,221
2018$1,971$77,452
2017$1,206$58,623

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-496315
1
/10

  • Village of Excellence Academy

  • 8718 N 46th St

  • 0.13 miles

  • Public Charter Grades KG-5

school-card-donut-496316
2
/10

  • Kimbell Elementary School

  • 8406 N 46th St

  • 0.32 miles

  • Public District Grades KG-5

school-card-donut-496317
4
/10

  • Temple Terrace Elementary School

  • 124 Flotto Ave

  • 1.06 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,683. The majority of Tampa, FL residents have income less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Hillsborough County›Tampa›33617›8720 N 48th St

This home is located at 8720 N 48th St in Tampa, FL and zip code 33617 in the Temple Crest neighborhood. This 1,576 square foot home, which was built in 1972, sits on a 1.04 acre lot. Features: 32 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since April 23, 2024 and is currently priced at $2,500,000.

Tampa, FL housing market in October 2024 saw over 80 listings sold above listed price, more than 116 sold at listed price and over 349 sold below. The inventory of homes for sale in Tampa, FL between September 2024 and October 2024 decreased by 0.6%. In October 2024 median list price was $424,741 and the average listing age was 53 days.

From Rocket Homes Real Estate and based on county public records data.

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