Two Homes for the Price of One! 2.5 lovely fenced acres suitable for pasture land, rental, or livestock usage. The first home is a 3 bedroom, 2 bath brick home with 2 car carport. Second home is a 3 Bedroom 2 bath with frame construction and approximately 1300SF. living area. This property features large oak trees in a beautiful park like setting. There is a detached workshop and plenty of room to park an RV or a Boat. This could be used as an extended family home site or as a rental income property.
Fantastic opportunity to own not only a great income producing property, but also a piece of Lakeland’s Historic District. This 5 unit building brings in approximately $32,000 in gross annual income and an estimated net income of $27,000 for a cap rate of 13.5%. This building is within walking distance to the Public Library and Museum, Florida Southern College, Lake Morton and Lake Mirror, Munn Park/downtown Lakeland and more. I-4 is also within a short drive. All units are currently rented and consist of a 2 bed 2 bath, two(2) 2 bed 1 bath, one(1) 1 bed 1 bath and 1 studio. Tenants pay for all utilities except for water which is appx. $60/month for the entire building. Units have gas stoves and window units. Very low turnover and low maintenance. There is potential for additional income by converting laundry area to a coin laundry. The roof was replaced in the last 8 years. There may be other potential uses. Please do not approach/disturb tenants. Please call today for more details on this awesome opportunity before it is gone.
JUST REDUCED!!Great home for sale in Eaglebrook Subdivision. Gate attended entrance provides security.This home has a great layout with vaulted ceilings. 3 bedrooms and 2 baths provide a roomy atmosphere.The kitchen opens up into the dining area and has a window looking into the Great room. The Great room opens up to a screened in lanai.The Master Bedroom is large and has walk in closets. The Master Bath has a Garden Tub with separate shower and dual sink vanity.
Own your own cash cow mobile home park for under $150k in Lakeland, FL. Property features 8 Mobile Home lots, of which 6 are occupied with 2 vacant lots. Upside potential can be seen by adding two more mobile homes, 1 2/2 unit and 1 travel trailer unit. Also by removing onsite manager (who currently occupies Lot 1 for $0 rent due to maintaining property maintenance & repairs along with collection of rent) allowing for additional $450 per month.
Manager on property that does everything!
4 septic tanks that are all updated
All 6 homes are park owned, permitted for 8
8 (potential) homes from $300 - $450 per month = $40,200.00 potential
18.5% potential cap rate based on pro forma
GREAT INVESTMENT OPPORTUNITY Three rental units on a 1/3 acre lot in Lake Morton historic district. Large house with brand-new roof has been made into two apartments. Front features large kitchen, living room, 2 bedrooms, one bathroom, front porch and carport. Back is one bedroom, one bath with living room and modest kitchen. Cozy cottage has large living room, one bedroom and bath, small kitchen, screen porch and carport. All units have window a/c units. Lots of off-street parking. Walk to Lake Morton, public library, Polk Museum of Art, Red Door bistro and Mr. Fish. Fully-rented with gross annual income of $18,300. No sign. Please do not bother the tenants. Inspections will be permitted after acceptance of offer.