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For sale
  • $10,000,000

     Thonotosassa, FL 33592

    --beds
    0baths
    26,446sqft
    : 
    Multi Family
    Built in 1972
    -- sqft lot
    $-- Zestimate®
    $378/sqft
    $-- HOA

    What's special

    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)
    28 days
    on Zillow
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    87
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    4
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    Zillow last checked: 7 hours ago

    Listing updated: June 13, 2025 at 05:27am

    Listing Provided by:

    Lori Rutherford 813-744-4347,

    RE/MAX MARKETING SPECIALISTS 352-686-0540

    Source: Stellar MLS,MLS#: TB8396729MLS LogoOriginating MLS: West Pasco

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of (Undisclosed Address).

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Central, Other, Wall Units / Window Unit
    Cooling
    • Central Air, Wall/Window Unit(s)
    Appliances
    • Laundry: Other
    Features
    • Eating Space In Kitchen, Primary Bedroom Main Floor, Solid Wood Cabinets, Thermostat
    • Windows: Window Treatments
    • Has fireplace: No
    Interior area
    • Total structure area: 29,378
    • Total interior livable area: 26,446 sqft
    Video & virtual tour

    Property

    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 3.47 Acres
    Details
    • Additional structures: Outbuilding
    • Additional parcels included: A0612890300
    • Parcel number: U18282025F00000200009.0
    • Zoning: RDC-12
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Block
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1972

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well
    • Utilities for property: Cable Available, Electricity Available, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Subdivision: TERRACE HIGHLANDS
    HOA
    • Has HOA: No
    • Pet fee: $0 monthly
    Location
    • Region: Thonotosassa

    Financial & listing details

    • Price per square foot: $378/sqft
    • Annual tax amount: $6,350
    • Date on market: 6/13/2025
    • Ownership: Fee Simple
    • Lease term: 12 Months
    • Total actual rent: 70490
    • Tenant pays: Electricity
    • Electric utility on property: Yes
    • Road surface type: Asphalt
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