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.
Features
: Ductless
Address Map
US
FL
Hillsborough
Tampa
33617
48TH
8720
STREET
East on Bush Blvd
Right on N 48th Street
Destination on right
33617 - Tampa / Temple Terrace
N
Additional Information
2025-06-24
: One
: Slab
: Block
1676
Financial
3388.45
Listing Information
260047873
260034110
Active
2025-06-24T16:48:09Z
Stellar
: None
2025-06-24T16:16:27Z
Commercial Sale For Sale
8720 N 48th St, Tampa, Florida 33617
1,576
$2,200,000
Listing ID #TB8400257
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : TB8400257
Price : $2,200,000
Square Footage : 1,576
Year Built : 1972
Lot Area : 0.13 Acre
Property Sub Type : Multi Family