1403 COLLEGE PARK LN, Tampa, FL 33612
1403 COLLEGE PARK LN, Tampa, FL 33612
1403 COLLEGE PARK LN, Tampa, FL 33612
1403 COLLEGE PARK LN, Tampa, FL 33612
1403 COLLEGE PARK LN, Tampa, FL 33612
1403 COLLEGE PARK LN, Tampa, FL 33612
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$ 440,000
Est. payment | /mo

4 Beds

3 Baths

1,656 SqFt


$ 440,000
Est. payment | /mo

4 Beds

3 Baths

1,656 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,656 sqft

Price per Sqft $265

Subdivision Hamners W E Homestead Acres

MLS Listing ID TB8466971

Bedrooms 4

HOA Fees $273/mo

HOA Y/N Yes

Annual Recurring Fee 3276.0

Year Built 1965

Annual Tax Amount $5,257

Lot Size 10,890 Sqft

Acres 0.25

Property Sub-Type Triplex

Source Stellar MLS

Property Description

Excellent Value-Add Triplex Near USF – NEW PRICE BELOW Appraised Value!!!
(Appraised 11/2024 at $455,000)
Here's a rare opportunity to acquire a cash-flowing triplex in one of Tampa's strongest rental corridors—with one unit vacant and ready for immediate occupancy or higher rents.
Current Performance

Unit A (Middle – 3 Bed / 1 Bath): Leased at $1,900/month. Solid block construction, in-unit washer/dryer, and central A/C.
Unit B (Right – 1 Bed / 1 Bath): Leased at $1,250/month. Frame construction with window A/C.
Unit C (Left – Efficiency / 1 Bath): Vacant and ready. Frame construction with window A/C. Ideal for an owner-occupant, a new tenant at market rent, or a light value-add refresh.

Current monthly income from leased units: $3,150
Rent Unit C for the going rate of $1,000 and the monthly income goes back to the previous $4,150+ monthly gross.
Investor Advantages

Association covers water, sewer, and trash (single community meter) — a meaningful reduction in operating expenses.
Each unit is individually metered for electricity, so tenants pay their own power.
Mix of unit sizes attracts students, young professionals, medical workers, and small families.
Proven rental demand just minutes from the University of South Florida, major shopping and dining, public transit, and quick access to I-275.

Whether you want a turnkey income property, an owner-occupy opportunity (live in Unit C while the other two pay the mortgage), or a light value-add play, this triplex delivers solid fundamentals in a high-demand Tampa location—and it's priced below its recent appraisal.
Perfect for 1031 exchanges or portfolio expansion.

Location

State FL

County Hillsborough

Community Hamners W E Homestead Acres

Area 33612 - Tampa / Forest Hills

Zoning RMC-12

Interior

Interior Features Window Treatments

Heating Ductless

Cooling Wall/Window Unit(s)

Fireplace false

Laundry Laundry Closet

Exterior

Exterior Feature Fence, Lighting, Sidewalk

Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Public, Water Connected

View Y/N No

Water Access No

Roof Type Shingle

Garage false

Private Pool No

Building

Lot Description Cul-De-Sac, Paved

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Concrete

New Construction false

Schools

Elementary Schools Miles-Hb

Middle Schools Liberty-Hb

High Schools Freedom-Hb

Others

Pets Allowed Breed Restrictions

Senior Community No

Ownership Fee Simple

Monthly Total Fees $273

Acceptable Financing Cash, Conventional

Membership Fee Required Required

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8466971

Stellar MLS
Listed by Michael Brule DALTON WADE INC

NEARBY SCHOOLS & PROPERTIES

Mollyana Ward

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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1403 COLLEGE PARK LN