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Commercial Recently Sold
$417,000

BTC: 4.52272703

ETH: 123.11889388

Sold on: 2020-07-30
32 days
0 room(s)
6,954 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1975
Lot:
1.52 Acres
Heating:
No Data
Price/sqft:
$68
Cooling:
Central Air / Other / Wall/Window Unit(s)
HOA:
No Data
All facts and features
  • Cooling

    • Central Air

    • Other

    • Wall/Window Unit(s)

  • Lot

    • Lot: 1.52 Acres

    Other Property Information

    • Parcel Number: 242914283000070210

    • Zoning: XX

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Utility

    • Electricity Available

    • Public

    • Water Connected

  • Other financial information

    • Annual tax amount: $5,781

  • Source details

    • MLS ID: P4910523

    Other facts

    • Construction Materials: Block / Other / Wood Frame

    • Foundation Details: Crawlspace / Slab

    • Living Area: 6954

    • 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: CLIGGITT REALTY