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Overview

Property ID: HZTB8396729
  • Multi Family, Residential Income
  • Property Type
  • 29378
  • Sqft
  • 1972
  • Year Built

Description

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)

  • City Thonotosassa
  • State/county FL
  • Zip/Postal Code 33592
  • Country US

Details

Updated on August 4, 2025 at 10:26 pm
  • Property ID: HZTB8396729
  • Price: $10,000,000
  • Property Size: 29378 Sqft
  • Land Area: 0.31 Acres
  • Year Built: 1972
  • Property Type: Multi Family, Residential Income
  • Property Status: Withdrawn, For Sale

Additional details

  • Roof: Shingle
  • Utilities: Cable Available, Electricity Available, Sewer Connected, Water Connected
  • Sewer: Septic Tank
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Other, Ductless
  • County: Hillsborough
  • Property Type: Residential Income

Features

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