1/1 Tampa Cash Flowing Condo

7142 E Bank Dr, Tampa, FL 33617

$105,000 After Repair Value -
$70,000 Asking Price -
$0 Cost of Repairs =
$35,000 Potential Profit

Property Details

Asking Price $70,000

After Repair Value $105,000

Costs of Repairs $0

Potential Profit $35,000

Living Area 626 ft2

Property Type Condo

Bedrooms 1

Bathrooms 1

Half Bathrooms N/A

Parking 0

Listed with Agent 1

Property Description

Income-Producing Riverfront Condo in a Gated CommunityThis 1-bedroom, 1-bathroom ground-floor condo offers a rare investment opportunity in Tampa\'s desirable Waterside Condo community. Located directly on the Hillsborough River, this unit features peaceful waterfront views, gated access, and a strong, paying tenant already in place—ready to generate immediate cash flow from day one.Investor HighlightsRented with a reliable tenant who pays on time and maintains the unit.No 55+ restrictions – this is a standard, all-ages community with broad rental appeal.Located in an HOA that is actively improving the property and increasing community value.Cash-only purchase, making this ideal for serious investors seeking value-add returns or passive income.Interior Features626 sq ft | 1 Bedroom | 1 BathroomOpen living and dining area with natural lightPrivate screened lanai with river viewsGround-floor access, easy entry for all agesCosmetic update potential to add value long-termCommunity AmenitiesWaterfront living with private dock accessSwimming pool, racquetball court, sauna, gym, and playgroundSecure gated entry with dedicated parkingHOA fee: ~$700/month (includes water, trash, grounds, exterior, and insurance)Convenient Central LocationEasy access to I-4, I-75, and US-301 – ideal for commuters or tenantsClose to major employers like USF (University of South Florida) and AdventHealthNearby schools include:Thonotosassa Elementary School (Grades PK–5)Jennings Middle School (Grades 6–8)King High School (Grades 9–12)Minutes from Busch Gardens, Temple Terrace, Downtown Tampa, and the RiverwalkShort drive to Publix, Walmart, restaurants, and everyday conveniences $105,000 Restrictions No dogs allowed, cash purchase onlyYear Built 1986 month to nonth tenant paying 1300 per month This condo  is a low-maintenance, income-generating waterfront condo with strong rental performance, a reliable tenant, and upside potential as the HOA continues to enhance the community. Whether you\'re adding to your rental portfolio or securing a Tampa investment in a developing area, this condo checks all the boxes.

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