6065 BAY AVE SE Pending

Lakeland,FL 33812

$ 1125000

0 Bed

0 Bath

7420 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 7,420 sqft

Price per Sqft $151

Subdivision Haskell

MLS Listing ID O6203342

Year Built 1973

Annual Tax Amount $9,598

Lot Size 1.520 Acres

Property Description

Under contract-accepting backup offers. 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

State FL

County Polk

Community Haskell

Zoning RL4

Interior

Heating Central,Other

Cooling Central Air,Wall/Window Unit(s)

Laundry Other

Exterior

Exterior Feature Private Mailbox

Garage Common,Driveway

Utilities Available Electricity Connected,Water Connected

Waterfront false

Roof Type Metal,Other

Building

Lot Description In County,Paved

Foundation Crawlspace

Sewer Septic Tank

Water Public

Structure Type Concrete,Metal Frame,Wood Frame

New Construction false

Others

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition None

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