Thonotosassa Duplex Investment
For Sale
$359,000
9420 Greystone Rd, Thonotosassa, FL 33592
Duplex near Tampa with strong rental history.
Property Size1,296 SF
Price / SF$277.01
Days on Market535
Property Features for 9420 Greystone Rd
General Information
Standard status
Active
Size
1,296 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,001
Listing Agency:
tradewind properties
Listed By:
Mary Giasevits · License #606406
(727) 548-8550
Source:
Exprealty
Added: Apr 28, 2025
Changed: Oct 13
Last Checked: Oct 13 at 12:40AM
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
Investment Insights
Based on property information with market context.
This duplex property features two units, each containing two bedrooms and one bathroom. The units are described as spacious and have a history of being almost always fully rented. A new well was approved in September 2023. The property is located on the outskirts of Tampa, with a stated travel time of 15-30 minutes to the Amphitheater, Seminole Hard Rock Casino, Zoo Tampa, and Busch Gardens. This property is presented as an investment opportunity.
Key Highlights
- Investment property: Duplex with two units, each featuring 2 bedrooms and 1 bath.
- Strong rental history: Units are almost always fully rented.
- New Well:** Brand new and approved well installed in 9/2023.
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.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex near Tampa with strong rental history.
Where is this duplex located?
The property is located at 9420 Greystone Rd 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: Investment property: Duplex with two units, each featuring 2 bedrooms and 1 bath.; Strong rental history: Units are almost always fully rented.; New Well:** Brand new and approved well installed in 9/2023.
