Duplex with Private-Entry
For Sale
$375,000
7603 WOODLAND OAKS COURT, Tampa, FL 33615
A screened lanai and gated, fenced yard add usable outdoor space, with no HOA.
Property Size1,332 SF
Price / SF$281.53
Days on Market10
Property Features for 7603 WOODLAND OAKS COURT
General Information
Standard status
Active
Size
1,332 SF
Property subtype
Duplex
Site & Location
Neighborhood
Meadow Brook
Units
Unit Mix
1 x 2BR/2BA, 1 x studio
Multifamily Units
2
Building Details
Year Built
1981
Buildings
1
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Michelle Williams · License #3327030
(813) 369-2625
Source:
Endlesssummerrealty
Added: Oct 15
Changed: Oct 23
Last Checked: Oct 23 at 9:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DALTON WADE INC
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Investment Insights
Based on property information with market context.
This Tampa duplex includes a two-bedroom, two-bathroom main residence and a studio apartment with a separate entrance. The home can also be configured for use as a three-bedroom, three-bathroom residence. Interior features include a combined living and dining area with a vaulted ceiling. The property was built in 1981 and has a new roof and fresh interior paint. A screened lanai opens to a fenced backyard with a gate and room for parking.
Key Highlights
- Main residence has 2 bedrooms and 2 bathrooms, plus a studio apartment with a private entrance
- Can be used as a 3‑bedroom, 3‑bathroom home
- Built in 1981; new roof and fresh interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,548
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,960
$311.0K
Cap Rate 7%
$222,114
$222.1K
Cap Rate 9%
$172,756
$172.8K
Market Conditions
NOI Build-Up for 1,332 SF
Gross rent
$23.8K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$22.2K $16.67/SF
− OpEx
−$6.7K −$5.00/SF
NOI
$15.5K $11.67/SF
Area
ZIP 33615
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,960
Cap Rate 7%
$222,114
Cap Rate 9%
$172,756
Alternative Uses
Best Use
Multifamily LT 5
$222.1K
$194.4K – $259.1K
NOI $15,548 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$206.5K
$180.7K – $240.9K
NOI $14,456 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$415.4K
$363.5K – $484.7K
NOI $29,079 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 33615, FL
47,434
Population
20,543
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
90%
High-School Grad
8.6 sq mi
ZIP Area
5,516
Density / Sq Mi
$66,257
Median Household Income
$38,858
Median Earnings
$1,586
Median Rent
$291,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A screened lanai and gated, fenced yard add usable outdoor space, with no HOA.
Where is this duplex located?
The property is located at 7603 WOODLAND OAKS COURT Tampa, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Main residence has 2 bedrooms and 2 bathrooms, plus a studio apartment with a private entrance; Can be used as a 3‑bedroom, 3‑bathroom home; Built in 1981; new roof and fresh interior paint
