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THONOTOSASSA, FL 33592

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Presented By: RE/MAX MARKETING SPECIALISTS with 352-686-0540. - 352-686-0540
  • MLS# TB8396729
  • 06/13/2025
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  • SQFT • 26,446

Home Details

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)
Presented By: RE/MAX MARKETING SPECIALISTS with 352-686-0540. - 352-686-0540

Interior Features for

Bedrooms

Total Bedrooms

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior Amenitieseating space in kitchen, primary bedroom main floor, solid wood cabinets, thermostat, window treatments
Laundry Featuresother

General for

Additional Parcels Descriptiona0612890300
Additional Parcels Y/NYes
Building Area Unitssquare feet
Carport Y/NNo
Citythonotosassa
Construction Materialsblock
Coolingcentral air, wall/window unit(s)
Countyhillsborough
Directions301/fowler ave
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
Gross Income845880
HOANo
Heatingcentral, other, wall units / window unit
Land Lease Y/NNo
Legal Descriptionterrace highlands lots 9 and 10 block 2
Levelsone
Living Area Unitssquare feet
Lot Size Square Feet151098
Lot Size Unitsacres
MLS Area33592 - thonotosassa
ModificationTimestamp2025-06-13t12:21:34.767z
New ConstructionNo
Number Of Units Total44
Ok to Lease12 months
Ownershipfee simple
Possessionclose of escrow
Property Subtypemulti family
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerseptic tank
Standard Statusactive
Statusactive
Subdivision Nameterrace highlands
Tax Annual Amount6350.17
Tax Lot9
Tax Year2024
Tenant Payselectricity
Total Actual Rent70490
Utilitiescable available, electricity available, sewer connected, water connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1972
Zoningrdc-12

Exterior for

Building Area Total29378
Exterior Amenitiesoutbuilding
Foundation Detailsslab
Lot Size Acres0.31
Lot Size Area3.4687
Number of Buildings22
Number of Lots6
Number of Separate Electric Meters44
Private PoolNo
Road Responsibilitypublic maintained road
Road Surface Typeasphalt
SpaNo
Water Sourcewell
Waterfront Y/NNo

Additional Details

Price History

Steven Silcock

Broker Owner
Price $10,000,000
MLS#TB8396729
List Date 06/13/2025
Property Type Income
Phone 407.574.0218
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