6048 Florida Cir S - Residential Income FOR SALE


Apollo Beach, FL 33572
$8,500,000 USD
727-641-5918
6048 Florida Cir S, Apollo Beach, FL for Sale
$8,500,000 USD
Residential Income - FOR SALE
1/12
null | 6.42% Cap Rate

6048 Florida Cir S
Apollo Beach, FL 33572


HIGHLIGHTS

  • Portfolio of 23 stabilized, income-producing single-family homes in Hillsborough and Manatee Counties
  • Immediate portfolio scale in a fragmented SFR asset class, eliminating acquisition complexity
  • Current annual gross income of $754,176 with strong in-place occupancy and proven rent roll
  • Net Operating Income (NOI): $529,638; Acquisition CAP Rate: 6.23%
  • Professionally managed with systems in place for operational efficiency and turnkey transition
  • Located in Florida’s high-growth regional corridor with population and job growth above national averages

OVERVIEW

This offering represents a rare opportunity to acquire a stabilized portfolio of 23 single-family rental homes positioned within high-demand neighborhoods across Hillsborough and Manatee counties. These homes are ideally situated near major job centers, quality schools, waterfront amenities, and Florida’s most sought-after coastal attractions, ensuring long-term rental demand in one of the Southeast’s most dynamic housing markets. Designed for both private and institutional capital seeking immediate footprint expansion, this portfolio provides in-place cash flow, geographic diversification, and operational efficiency within a concentrated regional cluster. The properties feature a balanced mix of floor plans and community locations, appealing to families, professionals, and retirees alike. The portfolio currently generates strong annual gross rents of approximately $754,000, supported by consistent tenant occupancy and a proven rent roll. Conservative underwriting projects upside through rent escalations, operational streamlining, and value-add opportunities. Florida’s pro-growth economy, enduring population inflow, and favorable tax environment further reinforce long-term investment durability. This is a turnkey, income-producing platform delivering attractive risk-adjusted returns without the time or expense of one-by-one aggregation. Whether your investment priorities focus on cash yield, appreciation, or breakup sale strategies, this portfolio is uniquely positioned to deliver.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$6,833 USD /SF

CAP RATE

6.42%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

23 Property Portfolio

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RSC-6

APN/PARCEL ID

U-21-31-19-1TM-000005-00022.0

ASK ABOUT THIS PROPERTY

Michael ReichenbachCentury 21 Beggins EnterprisesMore Info
727-641-5918

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Michael ReichenbachCentury 21 Beggins EnterprisesMore Info
727-641-5918

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.