6065 BAY AVENUE SE
Lakeland, FL 33812
1.52 acres | #O6203342
Description
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%
Property Details
- Utility FeaturesElectricity Connected, Water Connected
- Lot DescriptionIn County, Paved
- Exterior MaterialsPrivate Mailbox
- Property TypeMulti-Family
- Property SubtypeMulti-Family
- Sewer InformationSeptic Tank
- FoundationCrawlspace
- Original List Price$1,125,000
- Property ConditionCompleted
- MLS #O6203342
- MLS #O6203342
- SubdivisionHASKELL
- Cost1050000
- Utility SourcePublic
- Taxes Annual$9,598
- InteriorOther
- Acres1.52
- Year Built1973
- CountyPolk
- Days on Market (Cumulative)191
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Dwight A. McDonald
Last Updated: . Source: SMLS
Listing Courtesy
Listing Agent: Craig Morby (#MFR265501549)
Listing Office: SVN SAUNDERS RALSTON DANTZLER REAL ESTATE (#MFR285000014)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
