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2846 SOMERSET PARK DRIVE UNIT 201

Condo/Co-op For Sale
$139,995

BTC: 2.18742188

ETH: 80.18041237

13 days
1 bds
1 ba
742 sqft

Overview

Investor’s Dream – Upgraded Condo Rented at $1,686/Mo Excellent investment opportunity in the highly desirable USF area. Currently tenant occupied and generating $1,686 month in rental income. In approximately four years of ownership, the unit has never remained vacant for longer than two weeks, demonstrating strong rental demand. Upgraded 1 bedroom / 1 bathroom second-floor condo located in Somerset Park, just minutes from the with quick access to USF, Moffitt Cancer Center, AdventHealth, I-275, restaurants, shopping, and major Tampa commuter routes. This upgraded unit features an open layout, private balcony with tennis court views, full-size washer and dryer hookups, and a highly functional floor plan. Community amenities include tennis courts and a fitness center. Low HOA fees of only $324.56 month make this an increasingly rare opportunity to acquire a centrally located Tampa investment property with strong existing income at an attractive price point. PLEASE NOTE: The first five photos in this listing have been virtually staged for illustrative purposes to demonstrate furnishing and layout possibilities. The apartment is currently occupied and may appear differently in person.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1974
Lot:
4 Square Feet
Heating:
Electric
Price/sqft:
$189
Cooling:
Central Air
HOA:
$325

Valuation

Our model vs. what's actually selling nearby.
Estimate
$125,000
$83K – $159K
Confidence Low
List vs. estimate
$14K above estimate
List $139,995 · +12.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$188
-21.4% vs. city median $240
Based on
103 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$1,638
2024
HOA
$324/mo
Other
Pets
Allowed
All facts and features
  • Flooring

    • Laminate

    Heating

    • Electric

    Cooling

    • Central Air

    Appliances

    • Range

    Other interior features

    • Open Floorplan

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Property

    • Levels: One

    • Exterior Features: Balcony

    Lot

    • Lot: 4 Square Feet

    Other Property Information

    • Parcel Number: U05281989J00001514416.B

    • Zoning: RMC-20

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Utility

    • Cable Available

  • Other financial information

    • HOA: $325

    • HOA Frequency: Monthly

    • Annual tax amount: $1,638

  • Source details

    • MLS ID: O6409982

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Laundry Features: Washer Hookup

    • Direction Faces: North

    • Living Area: 742

    • Water Source: Public

    • Subdivision Name: SOMERSET PARK A CONDO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: BEYCOME OF FLORIDA LLC