316 W Columbus Dr is a 1921-built home in West Highlands, Tampa. Inside you'll find 8 bedrooms, 6 bathrooms, and 2,606 square feet of living space. Listed at $999,999 (about $384/sqft), 175 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Fully rented multi-unit investment opportunity just minutes from Armature Works and Downtown Tampa. This income-producing property features multiple structures with strong rental flexibility and future development potential in a rapidly growing corridor. The front building includes a 4 bedroom / 2 bath layout currently configured into four individual units, plus an upstairs 2 bedroom / 1 bath unit and an additional 1 bedroom / 1 bath unit below. In the rear of the property, a detached 1 bedroom / 1 bath cottage provides additional income and tenant appeal. Property features include community laundry, private laundry inside the 4/2, and multiple rental configurations designed to maximize cash flow. Prime location near the Riverwalk, Armature Works, Downtown Tampa dining, retail, and major employment hubs. Fully rented with immediate income in place. Strong cash flow today with long-term appreciation and redevelopment upside. Ideal for investors seeking stabilized returns in a high-demand area.
Annual Tax (2024)
$5,072
Parcel #
A-13-29-18-4Y3-000001-00008.0
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Subdivision
West Highlands
County
Hillsborough
MLS Area
33602 - Tampa
Lot Size
7,440 sqft
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