Address not disclosed - MLS#TB8396729 Thonotosassa, FL 33592
Property details
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)
Highlights
Virtual tour
Summary
- Interior: Eat-in Kitchen, Primary Bedroom Main Floor, Solid Wood Cabinets, Thermostat, Window Treatments
- Private Pool: No
- Exterior: Outbuildings
- Heating: Central, Other, Ductless
- Cooling: Central Air, Wall/Window Unit(s)
- List Price: $10,000,000
- Price/SqFt: $378
- HOA Amount: $0
- Year Built: 1972
- Living Area: 26,446 SqFt
- Lot Size: 0.31 Acres
- MLS Number: TB8396729
- MLS Name: MFRMLS
- Office Name: RE/MAX MARKETING SPECIALISTS
- Office Phone: (352) 686-0540
- Listing Agent: Lori Rutherford
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Last updated on: 7/16/2025, 2:34:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
4
Thonotosassa Elementary School
Public District KG-5
1.6 mi
•10050 Skewlee Rd
5
McDonald Elementary School
Public District PK-5
2.1 mi
•501 Pruett Rd
5
Folsom Elementary School
Public District KG-5
2.5 mi
•9855 Harney Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $86,885. Most Thonotosassa, FL residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
This 26,446 square foot home, which was built in 1972, sits on a 0.31 acre lot. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since June 13, 2025 and is currently priced at $10,000,000.
In June 2025, from all listings sold in Thonotosassa, FL there were more than 0 sold above asking price, over 3 sold below and more than 0 were sold right at the asked price. Between May and June 2025, Thonotosassa, FL real estate market has seen decrease in the number of listings by 17.9%. While the average time on the market in June 2025 was 41 days, the median list price was $425,000.