PLEASE SEE ATTACHED PROPERTY BROCHURE FOR ALL DETAILS! This sale encompasses two addresses, in two different parts of town. On the northside of Lakeland are 7 mobile homes located at US 98 North and West Socrum Loop Road. The second location is at 711 Nashville Road at Old Tampa Hwy and Memorial Blvd. This location has two homes. The current owner purchased the two assets and has been renovating the units. There is a tremendous amount of upside with this asset, as 4 units are vacant, and the remainder under market. The vacant units are ready to rent and market rates are strong currently. The proforma scenario represents a 13.61 cap rate with conservative Pro-forma rent expectation at $116,900.
MLS# | O6297700 |
---|---|
Listing Type | For Sale |
Style | Town House |
Sub-Type | For-sale |
Status | Active |
Year | 1980 |
Days On Site | 17 |
Listing Provided By | SAUNDERS REAL ESTATE, LLC | Craig Morby |
SQ Feet | 5,764 |
---|---|
Zoning | RL4 |
Acreage | 1.65 |
State | FL |
---|---|
County | Polk |
City | LAKELAND |
Zip Code | 33809 |
Area | 33809 Lakeland | Polk City |
Listing VS Median (in 33809) | |
Price: $675,000 low | high Med: $304,999 SqFt: 5,764 low | high Med: 1,434 $ / SqFt: $117 low | high Med: $213 On site: 17 low | high Med: 107.000000 |