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Under contract-accepting backup offers. 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 | 199 | LAST UPDATED | 11/16/2024 |
|---|---|---|---|
| TRACT | HASKELL | YEAR BUILT | 1973 |
| COMMUNITY | 33812 - Lakeland | COUNTY | Polk |
| STATUS | Pending | 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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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 11/22/24 2:09 PM PST.
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