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%
MLS# | O6203342 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | For-sale |
Status | Active |
Year | 1973 |
Days On Site | 153 |
Listing Provided By | SVN SAUNDERS RALSTON DANTZLER REAL ESTATE | Craig Morby |
SQ Feet | 7,420 |
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Story(s) | 1 |
Units | 13 |
Zoning | RL4 |
Acreage | 1.52 |
State | FL |
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County | Polk |
City | LAKELAND |
Zip Code | 33812 |
Area | 33812 Lakeland |
Community Name | HASKELL |
Listing VS Median (in HASKELL) | |
Price: $1,125,000 low | high Med: $1,125,000 SqFt: 7,420 low | high Med: 7,420 $ / SqFt: $152 low | high Med: $152 On Site: 153 low | high Med: 153.000000 |