$417,000
$475,000
12.2%For more information regarding the value of a property, please contact us for a free consultation.
7,250 SqFt
SOLD DATE : 07/30/2020
Key Details
Sold Price $417,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,250 sqft
Price per Sqft $57
Subdivision Haskell
MLS Listing ID P4910522
Sold Date 07/30/20
Construction Status Inspections
HOA Y/N No
Year Built 1975
Annual Tax Amount $5,780
Lot Size 1.520 Acres
Acres 1.52
Lot Dimensions 260x127
Property Description
DO NOT DISTURB TENANTS. Clean, well-maintained property. Great cash flow, strong rental history, stabilized investment property that includes 13 units in a fast growing area of Southeast Lakeland (Highland City address). Property includes a total of 13 units with 7 units that are small site built homes and 6 that are park-owned mobile homes. Great As Is investment return with upside potential. Property is near the corner of Clubhouse Road and U.S. Highway 98 South (Bartow Road) and is close to schools, shopping, and recreation. Rent from 7 occupied small site built homes - Range $300/month to $450/month = $2,710/month or $32,520/year. Rent from 5 occupied park-owned mobile homes - Range $550/month to $700/month = $3,000/month or $36,000/year. Potential Rent from current vacant mobile home not included above but could be $700/month or $8,400/Year with rehab or replacement. Potential Gross Income based on existing occupied rentals and potential rehab of one vacant unit = $6,410/month or $76,920/year. There is also upside potential to the existing rental rates as many haven't been adjusted for years.
Location
State FL
County Polk
Community Haskell
Zoning XX
Interior
Heating Central, Electric, Wall Units / Window Unit
Cooling Central Air, Wall/Window Unit(s)
Fireplace false
Exterior
Exterior Feature Other
Garage Off Street
Utilities Available Electricity Connected, Phone Available, Water - Multiple Meters, Water Connected
Waterfront false
Roof Type Membrane,Metal,Other,Shingle
Parking Type Off Street
Garage false
Private Pool No
Building
Entry Level One
Foundation Crawlspace, Slab
Lot Size Range One + to Two Acres
Sewer Septic Tank
Water Public
Structure Type Block,Other
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with REAL LIVING CASA FINA REALTY
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "