About 1403 College Park Lane
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): Leased at $1,000/month. Frame construction with window A/C. Current monthly income from leased units: $4,150 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, 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.
Features of 1403 College Park Lane
| MLS® # | TB8466971 |
|---|---|
| Price | $440,000 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Square Footage | 1,656 |
| Acres | 0.25 |
| Year Built | 1965 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Listing Details
| Office | DALTON WADE INC |
|---|
Listing Map
Neighborhood Information for 1403 College Park Lane
Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Prince Private Academy Private - Kindergarten to 12Th Grade |
0 Miles | |
|
West University Charter High Public - 9Th Grade to 12Th Grade |
0 Miles | |
|
|
Shaw Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
0 Miles | |
|
|
Miles Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
|
Witter Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
Brooks Debartolo Collegiate High School Public - 9Th Grade to 12Th Grade |
1 Miles | |
|
|
Bowers-Whitley Career Center Public - 11Th Grade to 12Th Grade |
1 Miles |
School data provided by GreatSchools