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)
For sale
$10,000,000
Thonotosassa, FL 33592
--beds
0baths
26,446sqft
Est.:
Multi Family
Built in 1972
-- sqft lot
$-- Zestimate®
$378/sqft
$-- HOA
What's special
- 28 days
- on Zillow |
- 87 |
- 4 |
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#: TB8396729
Originating MLS: West Pasco

Tour with a buyer's agent
Tour with a buyer's agent
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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