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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 FEATURES
Utilities :
Electricity Connected
Water Access :
0
Sewer :
Septic Tank
Parking Features :
Private Mailbox
Exterior Features :
Private Mailbox
Road Surface Type :
Asphalt
Roof :
Metal
Property Condition :
Completed
Zoning :
RL4
Heating :
Central
Cooling :
Central Air
Construction Materials :
Concrete
Interior Features :
Other
Laundry Features :
Other
PROPERTY DETAILS
Street Address: 6065 BAY AVENUE
City: Lakeland
State: Florida
Postal Code: 33812
County: Polk
MLS Number: O6203342
Year Built: 1973
Courtesy of SVN SAUNDERS RALSTON DANTZLER REAL ESTATE
City: Lakeland
State: Florida
Postal Code: 33812
County: Polk
MLS Number: O6203342
Year Built: 1973
Courtesy of SVN SAUNDERS RALSTON DANTZLER REAL ESTATE
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