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5520 3rd Street Se, Lakeland, FL 33812

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For Sale

$627,500

4 beds • 1,800 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $348.61
    Price per square foot

  • 11-20 Years Old
    Age

Explore this Property

Great Investment Opportunity with stable income stream in Lakeland/Highland City, Florida! Located in a prime area just off the high-traffic State Road 98, a walk distance to restaurants and shopping plaza. This well-maintained mobile home park offers a fantastic opportunity for both new investors or those looking to expand their portfolio. Key Features:(1) 8 total spaces include 2 rent-to-own homes will be fully tenant-owned by 2026 and 5 tenant-owned homes with lot rent only) 1 vacant space with significant potential (2) Well-run park with strong tenant retention and consistent revenue streams. (3) Tenants are separately metered for water and electric City water with several septic tanks. Financials:*Gross Revenue: $54,428 *Estimated Expenses: $12,160 * NOI $42,260 and CAP Rate 6.73% *Potential for an additional $10,000+ in revenue by increasing lot rents and implementing trash charge-backs *Filling the vacant space could bring an additional $14,400-$16,800 annually. Investor Opportunity: Your proforma Cap Rate 8.5% with minimal effort. This property is ready for immediate returns with plenty of room for growth. Don t miss out on this exceptional opportunity to secure a solid, income-generating asset in a rapidly growing market!
MLS# TB8344133

Courtesy Of Future Home Realty, Inc

(813) 855-4982

Property Features

  • Age
    11-20 Years Old
  • Architecture Style
    Other
  • Floor Covering
    Laminate, Vinyl
  • Lot Size
    1.31 Acres

Map and Directions

Directions to 5520 3rd Street Se, Lakeland, FL 33812

Home seller CENTURY 21 St. Augustine Properties, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 St. Augustine Properties, Inc.

(904) 797-6000
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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