FL > Thonotosassa > Terrace Highlands
Thonotosassa, FL 33592,Address not disclosed
Thonotosassa, FL 33592,Address not disclosed
Thonotosassa, FL 33592,Address not disclosed
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Team Comerford

Team Comerford

+1(941) 586-3229
$10,000,000
Est. payment /mo
26,446 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 26,446 sqft

Price per Sqft $378

Subdivision Terrace Highlands

MLS Listing ID TB8396729

HOA Y/N No

Year Built 1972

Annual Tax Amount $6,350

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

Now available is a rare and professionally managed multifamily portfolio consisting of 44 rental units spread across 22 separate buildings, along with a two-story single-family home currently used as an on-site office and maintenance storage facility, complete with a two-car garage. The unit mix includes 33 two-bedroom, one-bath units; 10 one-bedroom, one-bath units; and one two-story residence currently functioning as the property management hub. The portfolio features a variety of HVAC systems, including central heating and air, wall units, and mini-splits, offering flexibility and cost-effective maintenance options. The grounds are meticulously maintained with manicured landscaping and professionally trimmed trees, contributing to tenant satisfaction and curb appeal. Two on-site coin-operated laundry facilities serve the tenant base—already equipped with brand-new washers and dryers adding further convenience and income potential. The buildings sits on Large and smaller tax folios, providing flexible financing options and the ability to utilize conventional residential loans on smaller parcels. Located within a federally designated Opportunity Zone, this asset presents a significant tax-advantaged investment opportunity for qualified buyers. Current market rents, supported by documentation, average $1,686 ea month for one-bedroom units and $1,978 ea month for two-bedroom units. In addition to stable cash flow from rental income, laundry operations there is the potential for increased revenue through future rent adjustments as leases come up for renewal. Whether you're a seasoned investor or seeking to take advantage of Opportunity Zone incentives, this high-performing, income-generating asset offers both immediate income and long-term appreciation potential. 29,373 Sq Ft Total 26,446 Heated Sq Ft Total, 151,098 Sq Ft land, 6.57% CAP Rate with current rents, 8.3% CAP Rate with the Fair Market Value increased rent (Documentation can be provided)

Location

State FL

County Hillsborough

Community Terrace Highlands

Area 33592 - Thonotosassa

Zoning RDC-12

Interior

Interior Features Eat-in Kitchen, Primary Bedroom Main Floor, Solid Wood Cabinets, Thermostat, Window Treatments

Heating Central, Other, Ductless

Cooling Central Air, Wall/Window Unit(s)

Fireplace false

Laundry Other

Exterior

Exterior Feature Outbuildings

Utilities Available Cable Available, Electricity Available, Sewer Connected, Water Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Slab

Lot Size Range 2 to less than 5

Sewer Septic Tank

Water Well

Structure Type Block

New Construction false

Others

Senior Community No

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8396729

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Stellar MLS
© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by RE/MAX MARKETING SPECIALISTS
agent
Team Comerford

Team Leader | Broker Associate | License ID: BK3455404

+1(941) 586-3229 | team@thecomerfordgroupfl.com

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