Estimated payment $55,757/month
Highlights
- No HOA
- Eat-In Kitchen
- Central Heating and Cooling System
- King High School Rated A-
- Solid Wood Cabinet
About This Home
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)
Listing Agent
RE/MAX MARKETING SPECIALISTS Brokerage Phone: 352-686-0540 License #3464216 Listed on: 06/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,350
Year Built
- Built in 1972
Lot Details
- 0.31 Acre Lot
- Additional Parcels
Home Design
- Slab Foundation
- Shingle Roof
- Block Exterior
Interior Spaces
- 26,446 Sq Ft Home
- Window Treatments
Kitchen
- Eat-In Kitchen
- Solid Wood Cabinet
Utilities
- Central Heating and Cooling System
- Cooling System Mounted To A Wall/Window
- Thermostat
- Well
- Septic Tank
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 9 / 2
- Assessor Parcel Number U-18-28-20-25F-000002-00009.0
Community Details
Overview
- No Home Owners Association
- 44 Units
- 29,378 Sq Ft Building
- Terrace Highlands Subdivision
Building Details
- 44 Separate Electric Meters
- Gross Income $845,880
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/19/2025 06/19/25 | Rented | $1,250 | 0.0% | -- |
06/13/2025 06/13/25 | For Sale | $10,000,000 | 0.0% | $378 / Sq Ft |
05/13/2025 05/13/25 | For Rent | $1,250 | 0.0% | -- |
06/21/2024 06/21/24 | Sold | $500,000 | -16.7% | $189 / Sq Ft |
06/05/2024 06/05/24 | Pending | -- | -- | -- |
02/29/2024 02/29/24 | For Sale | $599,900 | 0.0% | $227 / Sq Ft |
02/25/2024 02/25/24 | Pending | -- | -- | -- |
02/12/2024 02/12/24 | Price Changed | $599,900 | -7.7% | $227 / Sq Ft |
01/29/2024 01/29/24 | Price Changed | $649,900 | -5.8% | $246 / Sq Ft |
11/30/2023 11/30/23 | Price Changed | $689,900 | -1.4% | $261 / Sq Ft |
11/08/2023 11/08/23 | For Sale | $699,900 | -- | $265 / Sq Ft |
Source: Stellar MLS
MLS Number: TB8396729

APN: U18282025F000002000090
- 9324 Ripley Rd
- 9418 Greystone Rd
- 9420 Greystone Rd
- 9512 Harney Rd
- 9647 Summers Cay Cir
- 9521 Sunstone Blvd
- 9721 Redwood Heights Rd
- 9724 Redwood Heights Loop
- 9832 Warm Stone St
- 9701 Ellison Rd
- 9726 Redwood Heights Loop
- 9730 Redwood Heights Loop
- 9728 Redwood Heights Loop
- 9732 Redwood Heights Loop
- 9740 Redwood Heights Loop
- 9736 Redwood Heights Loop
- 9752 Redwood Heights Loop
- 9737 Redwood Heights Rd
- 9512 Summers Cay Cir
- 9754 Redwood Heights Loop
- 9406 Eastfield Rd Unit C
- 9314 Grandfield Rd
- 11008 Us-301
- 9565 Summers Cay Cir
- 11810 Uptown Walker Place
- 9279 Rock Harbour Way
- 9267 Rock Harbour Way
- 9272 Rock Harbour Way
- 9230 Rock Harbour Way
- 8706 Elmdale Place
- 9824 Morris Glen Way
- 10003 Turkey Trot Place
- 9901 Morris Glen Way
- 8781 Orange Leaf Ct
- 8524 Queen Brooks Ct
- 9824 Sir Frederick St
- 8800 Boardwalk Trail Dr
- 9410 Alanbrooke St
- 13052 Tampa Oaks Blvd
- 8900 Fishermans Pointe Dr