$824,900

LAKELAND FL, 33803

Description

Opportunity to Own A Fantastic Income Producing Property in Central Lakeland! Perfect for investor who wants all properties close together. Four Townhome-Style Duplexes (4 buildings, 8 doors) all on ONE-PARCEL, One-Water-Meter, ALL SEPARATE ELECTRIC, all ONE PARCEL. Two duplexes have 3 BEDROOMS and 1.5 BATHROOMS, and the other 6 units have 2 BEDROOMS and 1.5 BATHROOMS. Both of the 3 bedroom units were recently painted. Two of the 2-bedroom units are partially renovated and will need additional work including flooring and kitchen cabinetry. All the buildings have been recently painted on the exterior and and new siding was installed two years ago. All roofs are approximately 10 years old and the parking lots were repaved two years ago. ACTUAL RENTS: $1,095/$950/$750/$750/$895/$650. Estimated (full) market rents: $1,095/$1095/$895/$895/$895/$895/$895/$895 for a total Annual Gross Income of $90,720. This property is conveniently located close to schools and public transportation; near South Edgewood Drive and Harden Blvd. TENANT OCCUPIED. PLEASE DO NOT DISTURB TENANTS. Buyer to verify ALL information.

Details

MLS#L4910874
Sub-TypeResale
StatusPending
Year1976
Days On Site78

Features

SQ Feet8,562
Units8
Building(s)4

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Area Information

StateFL
CountyPolk
CityLAKELAND
Zip Code33803
Area33803 - Lakeland
Listing VS Median (in 33803)
Price:
$824,900
low | high
Med:
$199,450
100% of Average
SqFt:
8,562
low | high
Med:
1,314
100% of Average
$ / SqFt:
$96
low | high
Med:
$152
7.728749449907% of Average
On Site:
78
low | high
Med:
47
100% of Average
Listing Updated: 12/06/2019
MLS Number: L4910874
Listing Provided By:
Carla Morey  of  LAKELAND HOMES AND REALTY LLC

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