FL > Tampa
Tampa, FL 33617,8720 N 48TH ST
Tampa, FL 33617,8720 N 48TH ST
Tampa, FL 33617,8720 N 48TH ST
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Team Comerford

Team Comerford

+1(941) 586-3229
$2,200,000
Est. payment /mo
1,576 SqFt
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UPDATED:

Key Details

Property Type Commercial

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

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Stellar MLS
© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by ALL COUNTY ADVANCE PROPERTY MANAGEMENT
agent
Team Comerford

Team Leader | Broker Associate | License ID: BK3455404

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

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