BEDS4
BATHS
SQUARE FEET1,656
MLS#TB8466971
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHAMNERS W E HOMESTEAD ACRES
Property Description
Excellent Investment Opportunity - Cash-Flowing Triplex in Tampa!1403 College Park Lane, Tampa, FL 33612Turnkey income producer in a highly convenient location! This triplex offers three separate units with strong rental demand and immediate cash flow:Unit A (Middle - 3 Bed / 1 Bath): Leased at $1,900/month. Block construction with washer/dryer inside for added tenant appeal. Central AC.Unit B (Right - 1 Bed / 1 Bath): Leased at $1,250/month. Frame construction. Window units ACUnit C (Left - Efficiency / 1 Bath): Leased at $1,000/month. Frame construction. Window unit ACTotal current monthly income: $4,150Investor Advantages:Association covers water, sewer, and trash (one water meter for the community) - significantly reducing operating expenses.Units are individually metered for electricity, so tenants pay their own power.Strong rental history with two units already leased and performing.Mix of unit sizes appeals to a wide tenant pool (students, professionals, and small families).Prime Location - Just minutes from the University of South Florida (USF), major shopping, dining, public transportation, and easy access to I-275. This pocket offers consistent demand from USF affiliates, medical professionals, and local workers.Whether you're looking for a turnkey addition to your portfolio or a solid value-add property with upside potential through minor updates, this triplex delivers reliable income in a proven Tampa rental market.Serious investors - schedule your showing today and secure this performing asset before it's gone!Perfect for 1031 exchanges or portfolio expansion in the Tampa Bay area.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Ductless
Lot Size: 0.25 Acres
Roof Type: Shingle
Taxes: $5,257
Year Built: 1965
Amenities
Window Treatments
Fence
Lighting
Sidewalk
Feature Descriptions
Annual Net Income: 49000.00
Days on Site: 126
Directions: E. Fowler Avenue (east of I-275 & west of Bruce B. Downs), go north on N. 15 Street, left on College Park Lane, property isat the end on the left
Exterior: Concrete
Flood Zone Code: X
Foundation: Slab
HOA Fee: 273/ Monthly
HOA Y/N: Yes
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Cul-De-Sac, Paved
Lot Dimensions: 0.25
Ownership: Fee Simple
Pets Allowed: Breed Restrictions
Pets Restrictions: Contact HOA. Buyer/buyers agent to verify.
Property Attached Y/N: No
Property Sub-Type: Triplex
Sewer: Public Sewer
Showing Instructions: Combination Lock Box, Do Not Contact Tenants, See Remarks
Special Sale Provisions: None
Units: 3
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Public, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RMC-12
Local Schools
High School: Freedom-HB
Middle School: Liberty-HB
Elementary School: Miles-HB
Listed By / Shown By
Listed By
Agency Name: S & D REAL ESTATE SERVICE LLC
Agency Contact: 863-824-7169
Shown By
Agency Title: Florida Executive Realty - New Construction
Agency Phone: 813-908-8500
Estimate Your Payment
Estimated Payment
$ 1,570.84 per month $1,001.50 Principal & Interest $438.08 Property Tax $131.25 Homeowner's Insurance
1403 College Park Lane | MLS# TB8466971
This multi-family property located at 1403 College Park Lane, Tampa, FL 33612 is currently listed for sale with an asking price of $450,000. Search Tampa real estate on www.floridaexecutivenewhomes.com today.