Thonotosassa Duplex Investment
For Sale
$359,000
Pending
9418 GREYSTONE ROAD, Thonotosassa, FL 33592
Duplex near Tampa with two spacious units, ideal for investors.
Property Size1,296 SF
Days on Market510
Property Features for 9418 GREYSTONE ROAD
General Information
Standard status
Pending
Size
1,296 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,800
Building Details
Year Built
1971
Listing Agency:
TRADEWIND PROPERTIES
(727) 548-8550
Listed By:
Mary Giasevits · License #606406
(727) 743-0528
Source:
Exitrealty
Added: Jun 3, 2025
Changed: Oct 21
Last Checked: Oct 20 at 6:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TRADEWIND PROPERTIES
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Investment Insights
Based on property information with market context.
This duplex property features two units, each containing 2 bedrooms and 1 bathroom. The property is located on the outskirts of Tampa, offering convenient access to various attractions. It is situated approximately 15 to 30 minutes from the Amphitheater, Seminole Hard Rock Casino, Zoo Tampa, and Busch Gardens. A new well was approved in September 2023. The property is suitable for investors looking for a residential income property.
Key Highlights
- Duplex: Investment opportunity with two spacious 2 bed, 1 bath units.
- Strong Rental History: Almost always fully rented, ensuring consistent income.
- New Well: Brand new and approved well installed in September 2023.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,127
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,540
$302.5K
Cap Rate 7%
$216,100
$216.1K
Cap Rate 9%
$168,078
$168.1K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$23.2K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$21.6K $16.67/SF
− OpEx
−$6.5K −$5.00/SF
NOI
$15.1K $11.67/SF
Area
Hillsborough County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,540
Cap Rate 7%
$216,100
Cap Rate 9%
$168,078
Alternative Uses
Best Use
Multifamily LT 5
$216.1K
$189.1K – $252.1K
NOI $15,127 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$170.3K
$149.0K – $198.7K
NOI $11,919 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$375.3K
$328.4K – $437.9K
NOI $26,273 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
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Business Placement
Demographics for 33592, FL
11,885
Population
4,944
Households
2.4
Avg Household Size
42
Median Age
26%
College-Educated
81%
High-School Grad
53.1 sq mi
ZIP Area
224
Density / Sq Mi
$65,683
Median Household Income
$37,391
Median Earnings
$1,134
Median Rent
$247,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex near Tampa with two spacious units, ideal for investors.
Where is this duplex located?
The property is located at 9418 GREYSTONE ROAD Thonotosassa, FL.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Duplex: Investment opportunity with two spacious 2 bed, 1 bath units.; Strong Rental History: Almost always fully rented, ensuring consistent income.; New Well: Brand new and approved well installed in September 2023.
