8732 N 48TH STREET, Tampa, FL 33617

16-Unit Single Story Concrete Block Multifamily Property in Tampa, Florida
Strong Unit Mix Featuring 100% 2Bdr 1Bath Units With Washer/ Dryer Connections
Over $100k Last Year on Roof, A/C, and Plumbing improvements
Ability to Recapture $9,600+ Per Year by Continuing a $50 Flat Fee Utility Charge Back for Water/Sewer
Strong Value-Add Potential with $202+ in Average Monthly Rental Upside Through Light Interior Renovations Based on Rent Comparables in The Immeidate Submarket:
Current Average In Place Rent: $1,248
Current Average Market Rent: $1,294
Pro Forma Average Rent: $1,450
Convenient to over 74,000 Jobs & 4,100 Companies Including Major Employers Such as the Veteran’s Hospital (4.3 Mi), Advent Health Hospital (4.0 Mi), Moffitt Cancer Center (3.0 Mi), PepsiCo (2.3 Mi), Yuengling Brewery (2.4 Mi), and Busch Gardens (0.7 Mi)
Located in Close Proximity to Over $2 Billion in New Developments Including the $1 Billion “Uptown” University Mall Redevelopment (4.3 Mi), the $256 Million Advent Health Expansion Development (4.0 Mi), the $400 Million Moffitt Cancer Center Development (3.0 Mi), University of South Florida (2.2 Mi), and the Yuengling Brewery Campus Expansion Development (2.4 Mi)