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TAMPA, FL 33617 8720 N 48TH STREET

8720 N 48TH STREET TAMPA, FL - Image 18720 N 48TH STREET TAMPA, FL - Image 28720 N 48TH STREET TAMPA, FL - Image 3
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8720 N 48TH STREET TAMPA, FL - Image 48720 N 48TH STREET TAMPA, FL - Image 5
Presented By: ALL COUNTY ADVANCE PROPERTY MANAGEMENT with 727-284-7368. -
  • MLS# TB8400257
  • 06/24/2025
  • Request Tour
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  • SQFT • 1,576

Home Details

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.
Presented By: ALL COUNTY ADVANCE PROPERTY MANAGEMENT with 727-284-7368. -

Interior Features for 8720 N 48TH STREET

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes

General for 8720 N 48TH STREET

Additional Parcels Description142315-0810, 142315-0820, 142315-0830, 142315-0840, 142315-0850, 142315-0950, 142315-0500
Additional Parcels Y/NYes
Building Area Unitssquare feet
Citytampa
Construction Materialsblock
Coolingmini-split unit(s)
Countyhillsborough
Directionseast on bush blvd right on n 48th street destination on right
Flood Zone Codex
Flood Zone Code XY
HOANo
Legal Descriptiondruid hills re-revised lot 25 block 9
Levelsone
Living Area Unitssquare feet
Lot Size Square Feet5500
Lot Size Unitssquare feet
MLS Area33617 - tampa / temple terrace
ModificationTimestamp2025-06-25t05:00:10.187z
New ConstructionNo
Ownershipcorporation
Property Conditioncompleted
Property Subtypemulti family
Property Typecommercial sale
Standard Statusactive
Statusactive
Tax Annual Amount3388.45
Tax Lot25
Tax Year2024
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1972

Exterior for 8720 N 48TH STREET

Building Area Total1676
Foundation Detailsslab
Lot Size Acres0.13
Lot Size Area5500
Number of Buildings8
Number of Lots8
Road Frontage Typecity street
Road Surface Typeasphalt
Waterfront Y/NNo

Additional Details

Price History

Steven Silcock

Broker Owner
Price $2,200,000
MLS#TB8400257
List Date 06/24/2025
Property Type Commercial
Phone 407.574.0218
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