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PRICE $1,125,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 7,420 sqft
LOT SIZE 1.52 ac

TREMENDOUS INCOME OPPORTUNITY! Located in one of the fastest growing areas of South Lakeland, this is multifamily development, consisting of 6 park owned mobile homes, and 7 single family (small) homes. The six mobile homes are part of the Florida Mobile Home Registry under Pa-pa Bears Mobile Home park. The other 7 homes are part of the same parcel - each have a separate mailing address. Current annual income of $131,580, with upside to grow to another 10% quickly. Lakeland and Polk County are among the fastest growing places in the U.S., as the City sits in the middle of Tampa and Orlando on the I-4 corridor. In the immediate area, new apartment developments have been built, and several shopping areas, including Publix, across the street. There are primary, middle and high schools very close by, and the main thoroughfare, US 98 stretches from the north side of Lakeland to the south side. The annual rental income is $131,560, and all expenses are detailed and accounted for, giving us a current cap rate of 8.26%

DAYS ON MARKET 190 LAST UPDATED 11/7/2024
TRACT HASKELL YEAR BUILT 1973
COMMUNITY 33812 - Lakeland COUNTY Polk
STATUS Active PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR Central Air, Wall/Window Unit(s)
AIR CONDITIONING Yes
AREA 33812 - Lakeland
BASEMENT Crawl Space
CONSTRUCTION Concrete
HEAT Central, Other
INTERIOR Other
LOT 1.52 acre(s)
LOT DESCRIPTION Paved
LOT DIMENSIONS 260x127
PARKING Common, Driveway
SEWER Septic Tank
STORIES 1
SUBDIVISION HASKELL
TAXES 9598.85
UTILITIES Electricity Connected, Water Connected
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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CONTACT US ABOUT 6065 BAY AVENUE SE
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Listing provided by Craig Morby, SVN SAUNDERS RALSTON DANTZLER REAL ESTATE, 863-648-1528
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 11/14/24 9:01 AM PST.

This IDX solution is (c) Diverse Solutions 2024.