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$10,000,000

Address not disclosed - MLS#TB8396729 Thonotosassa, FL 33592

0 beds
26,446 sqft
0.3 acres
$378 / sqft
Multi-Family

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

Home typeMulti Family
HeatingCentral, Other, Ductless
StatusActive
CoolingCentral Air, Wall/Window Unit(s)
Size26,446 sqft
Lot size0.31 Acres
Year built1972
MLS #TB8396729

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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IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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

We're sorry, we currently don't have property sales data for this listing.

Tax history

We're sorry, we currently don't have tax history data for this listing.

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.

All data from GreatSchools

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.

How much money do the neighbors make?

10%
<35k
53%
35k-100k
30%
100k-200k
7%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

38%
Single, No Kids
9%
Single, with Kids
33%
Married, No Kids
20%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
9%
12-17 yrs old
13%
18-34 yrs old
48%
35-64 yrs old
16%
65+ yrs old

What do the neighbors do for fun?

  • HuntingHunting
  • NASCARNASCAR
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • Dick's Sporting GoodsDick's Sporting Goods
  • DillardsDillards
  • Dollar GeneralDollar General

Where do the neighbors go to eat?

  • Texas RoadhouseTexas Roadhouse
  • Cracker BarrelCracker Barrel
  • Hardee'sHardee's

What do the neighbors drive?

  • SubaruSubaru
  • CadillacCadillac
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • New CountryNew Country
  • News/Talk/InformationNews/Talk/Information
  • OldiesOldies
All data provided by Home Junction and Claritas

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.

From Rocket Homes Real Estate and based on county public records data.

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