Studio house for sale
Lakeland FL 33812
- Property Type
- House
- Price
- $1,125,000
- Beds
- 0
- Baths
Overview
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%
Details
- Beds: 0
- Price: $1,125,000
- Reference No.: 71732396
- Area: 7,420 sqft
Location
Lakeland FL 33812
Studio house for saleRelated Properties
Disclaimer
2024-05-12, Viewed 0 times.
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-05-12, Viewed 0 times.
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