ATTENTION INVESTORS!! RENTAL PROPERTY PORTFOLIO for sale. The portfolio consist of 10 units. ( 5 duplexes. The duplexes have been divided into individual addresses and can be sold together or separately. Net operating income is $65,786. Each unit has tenants on a 1 year lease. All units show nicely and have been recently updated. All have central heat and air. All have upgraded plumbing and electrical service. Each unit has interior washer & dryer hook ups. Each unit has off street dedicated driveways and/or carports. The duplexes are concrete block construction Each unit is 2 bedrooms 1 bath. 2 units have 1.5 baths. The CAP is 13.29. Insurance runs $5,600 annually 6.8%. Maintenance is 7% annually at 6k. (There is no deferred maintenance. 6 bedrooms have brand new carpet the remaining 18 bedrooms are tile.) Taxes are $5,035, 6%. There is property management and maintenance in place or you can bring in new management.
LOCATION IS EVERYTHING!!! This 1.0734 acre site is located on the east side of Strain Boulevard within the city limits of Lakeland. The property address is 127 Strain Boulevard. This location is on the north side of an old McDonald's fast food restaurant with good visibility from east bound traffic along George Jenkins Boulevard. There are five homes on the site that rent between $500 and $700 per month producing interim income on a month-to-month basis. This site is zoned C-2 (Highway Commercial) and a future land use of MCC (Mixed Commercial Corridor). With the commercial zoning, this property has tremendous upside potential. OWNER FINANCING AVAILABLE ON A CASE BY CASE BASIS! Just $225,000!
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Investor Alert-Fully Rented, Well Maintained Duplex In West Lakeland. Both Units Are 2 Bedrooms/ 1 Bath. Off Street Parking Pad For 4 Cars Total. Minimal Exterior Maintenance Required. Newer Roof & A/C Condensers With Security Enclosures. Units Feature Large Eat-In Kitchens With Washer/Dryer Hook-Ups. Short Distance Behind Property To Westside Park Makes This Rental Highly Desirable To Tenants. Don't Miss This Opportunity-Duplex Properties Are Selling Quickly In Our Area, Buy Now Before Someone Else Does.
$5,400 REDUCE FROM ORIGINAL PRICE!! OWNER MOTIVATED!!Brand new!!! Totally remodeled. NEW !! Tile floors, New central A/C, washer dryer hook ups, ample storage, generous parking. Enhanced security. Live one side and the tenant pays the whole thing!! Near to Downtown and Schools