6
See all 6 photos
$2,200,000
Est. payment /mo
1,576 SqFt
Active
8720 N 48TH ST Tampa, FL 33617
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
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.
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
© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by ALL COUNTY ADVANCE PROPERTY MANAGEMENT
GET MORE INFORMATION
QUICK SEARCH
- Homes For Sale in Clermont, FL
- Homes For Sale in Winter Garden, FL
- Homes For Sale in Orlando, FL
- Homes For Sale in Celebration, FL
- Homes For Sale in Winter Garden, FL
- Homes For Sale in Winter Park, FL
- Homes For Sale in Kissimmee, FL
- Homes For Sale in Ocoee, FL
- Homes For Sale in Davenport, FL
- Homes For Sale in Gotha, FL
- Homes For Sale in Groveland, FL
- Homes For Sale in St Cloud, FL
- Homes For Sale in Apopka, FL
- Homes For Sale in Altamonte Springs, FL
- Homes For Sale in Lake Mary, FL
- Homes For Sale in Sanford, FL
- Homes For Sale in Mount Dora, FL
- Homes For Sale in Howey-in-the-Hills, FL
- Homes For Sale in Lakeland, FL
- Homes For Sale in Eustis, FL
- Homes For Sale in Tavares, FL
- Pool homes under $100,000
- Pool homes $ 100,000 - $ 250,000
- Pool Homes $ 250,000 to $ 500,000
- Pool Homes $ 500,000 to $ 1,000,000
- Pool Homes under $ 2,000,000
- Pool Homes over $ 2,000,000
- Lakefront Homes under $ 100,000
- Lakefront homes $ 100,000 to $ 250,000
- Lakefront Homes $ 250,000 to $ 500,000
- Lakefront Homes $ 500,000 to $ 1,000,000
- Lakefront Homes under $ 2,000,000
- Lakefront Homes over $ 2,000,000
- Beachfront Homes
- Canal Front Homes
- Water View Homes