David Shippey
863.521.4517

8720 N 48th Street Tampa Florida | Home for Sale

To schedule a showing of 8720 N 48th Street, Tampa, Florida, Call David Shippey at 863-521-4517 TODAY!

$2,200,000 | N/A beds | N/A full baths | N/A half baths | 1,576 sqft

$2,200,000 No Recent Price Change
8720 N 48th Street
Tampa, FL 33617
  • N/ABeds
  • 0.00Total Baths
  • 0 Full, 0 HalfBaths
  • 1,576SqFt
  • 1972Year Built
  • 0.13Acres
  • MLS# TB8400257
  • Commercial
  • MultiFamily
  • Active

  • Approx Time on Market29 days
  • Area33617 - Tampa / Temple Terrace
  • CountyHillsborough
  • Subdivision N/A

Overview

Snapshot a True Cash-Flow Engine in Tampas Growth CorridorTucked into a quiet pocket of Temple Terracejust two miles from the University of South Florida and minutes to AdventHealth, Moffitt Cancer Center, Busch Gardens, and the I-75/I-275 junctionThis 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 parkingfeatures 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 packageLVP flooring, shaker cabinets, stainless appliancespairs readily with the concrete-block bones and lifts rents to $1,400+ while still keeping cost per unit under new-build figures.Whether youre chasing yield, seeking a 1031 or assembling scale in Tampas coveted workforce-housing lane, This listing checks every box: location, durability, cash flow, and clear runway for rent growthall at a basis youll be bragging about for years.



Agriculture / Farm

Association Fees / Info

Senior Community:  No

Association:  ,No,

Bathroom Info

Building Info

Building Area Source:  PublicRecords

Business Info

Buyer Compensation

Exterior Features

Pool Private:  No

Financial

Original Price:  $2,200,000

Garage / Parking

Open Parking:  No

Attached Garage:  No

Garage:  No

Carport:  No

Green / Env Info

Interior Features

Fireplace:  No

Levels:  One

Spa:  No

Lot Info

Direction Remarks:  East on Bush BlvdRight on N 48th Street Destination on right

Number of Lots:  8

Lot Size Units:  Acres

Lot Size Acres:  0.13

Lot Sqft:  5,500

Road Frontage Type:  CityStreet

Other

Special Conditions:  None

Other Rooms Info

Property Info

Section:  21

Class Type:  MultiFamily

Property Sub Type:  MultiFamily

Property Condition:  NewConstruction

Property Attached:  No

New Construction:  No

Construction Materials:  Block

Stories:  1

Foundation:  Slab

Human Modified:  Yes

Sqft Info

Sqft:  1,576

Bulding Area Sqft:  1,676

Living Area Units:  SquareFeet

Living Area Source:  PublicRecords

Tax Info

Tax Year:  2,024

Tax Lot:  25

Tax Legal Description:  DRUID HILLS RE-REVISED LOT 25 BLOCK 9

Tax Block:  9

Tax Annual Amount:  3388.45

Tax Book Number:  25/33

Unit Info

Utilities / Hvac

Cool System:  Ductless

Cooling:  No

Heating:  No

Waterfront / Water

Waterfront:  No

View:  No

Directions

East on Bush BlvdRight on N 48th Street Destination on right

This listing courtesy of All County Advance Property Management 

Mortgage Calculator

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On davidshippey.com since Tue, Jun 24th 2025
No Property History recorded for this listing.

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If you have any questions on 8720 N 48th Street, Tampa, Florida, please call David Shippey at 863-521-4517.


MLS# TB8400257 located at 8720 N 48th Street, Tampa, Florida is brought to you by David Shippey REALTOR®

8720 N 48th Street, Tampa, Florida has , 0 Full Bath, and 0 Half Bath.
The MLS Number for 8720 N 48th Street, Tampa, Florida is TB8400257.
The price for 8720 N 48th Street, Tampa, Florida is $2,200,000.
The status of 8720 N 48th Street, Tampa, Florida is Active.
The subdivision of 8720 N 48th Street, Tampa, Florida is .
The home located at 8720 N 48th Street, Tampa, Florida was built in 2025.

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