1403 College Park Lane, Tampa, FL 33612

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.