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6065 BAY AVENUE SE

Multi-family For Sale
$1,125,000

BTC: 12.31466835

ETH: 357.14285714

191 days
0 room(s)
7,420 sqft
Est. Estimated sales range: $0 - $0
$0

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%

Location

Florida • LAKELAND • 33812 • Multi-family • For Sale

Facts and features

Type:
Residential Income
Parking:
Common / Driveway
Year Built:
1973
Lot:
1.52 Acres
Heating:
Central / Other
Price/sqft:
$152
Cooling:
Central Air / Wall/Window Unit(s)
HOA:
No Data
All facts and features

  • Heating

    • Central

    • Other

    Cooling

    • Central Air

    • Wall/Window Unit(s)

    Other interior features

    • Other

  • Parking

    • Common

    • Driveway

    Property

    • Levels: One

    • Exterior Features: Private Mailbox

    Lot

    • Lot: 1.52 Acres

    Other Property Information

    • Parcel Number: 242914283000070210

    • Zoning: RL4

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • Electricity Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $9,599

  • Source details

    • MLS ID: O6203342

    Other facts

    • Construction Materials: Concrete / Metal Frame / Wood Frame

    • Foundation Details: Crawlspace

    • Laundry Features: Other

    • Lot Features: In County

    • Living Area: 7420

    • Water Source: Public

    • Lot Size Dimensions: 260 x 127

    • Subdivision Name: HASKELL

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: SVN SAUNDERS RALSTON DANTZLER REAL ESTATE