www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
23897115
23897117

9408 GOLDENROD RD., THONOTOSASSA, FL 33592

LW
FL SL3464216
RE/MAX Marketing Specialists
Listed by RE/MAX Marketing Specialists
$10,000,000
389 days on market
Updated 3 days ago
Opportunity zone

GRANDFIELD I,II,III, VILLAGE EAST, 10 UNIT, AND 4 UNIT

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 29,378
Net Rentable (SqFt) 26,446
Units 44
Cap Rate 6.57%
NOI $656,923
Pro-Forma Cap Rate 8.3%
Pro-Forma NOI $829,565
Price per SqFt $340
Broker Co-Op Yes
Class B
Year Built 1970-1972
Year Renovated 2024
Buildings 22
Stories 1
Lot Size (SqFt) 151,098
Zoning RDC12
Parking Spaces 2 per unit
Ground Lease No

44-Unit Multifamily Portfolio

Marketing description

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 CAP RATE is based off of FACTUAL numbers and not proforma. 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 (This income has not been included). 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 per month for one-bedroom units and $1,978 per 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 yield and long-term appreciation potential.

Investment highlights

  • Total Units: 44

  • Buildings: 22

  • Unit Mix:
    • 33 Two-Bedroom / One-Bath
    • 10 One-Bedroom / One-Bath
    • 1 Two-Story Single-Family Home (Office/Maintenance Use)

  • HVAC: Mix of central HVAC, wall units, and mini-splits

  • Grounds: Manicured landscaping, professionally maintained trees

  • Laundry:
    • One operational laundry room with brand-new coin-operated machines
    Flexible Financing: Properties sit on individual tax folios, allowing for conventional residential mortgages on smaller parcels

  • Renovation Upside: some units coming up for renewal with opportunity for increased rents

  • Zoning: Located in an Opportunity Zone with federal tax benefit eligibility

Listing Contacts

LW
FL SL3464216
RE/MAX Marketing Specialists
Listed by RE/MAX Marketing Specialists

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$656,923.00
$54,743.58/mo

Valuation Metrics

0
DSCR
6.57%
Cap Rate
6.57%
ROI

Map

Zoning

Intelligence Badge
RMC-12 ResidentialMulti FamilyResidential Multifamily Conventional
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 296 uses
View all 296 uses
Last updated Mar 23, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Lori West
License
SL3464216
Brokerage
Re/Max Marketing Specialists
Brokerage Phone
352-686-0540
Title
Real Estate Agent
Brokerage Address
3377 Mariner Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591