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%
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 Details
Price:
$1,125,000
MLS #:
O6203342
Status:
Active
Beds:
0
Baths:
0
Address:
6065 BAY AVENUE SE
Type:
Multi Family
Subdivision:
HASKELL
City:
LAKELAND
Listed Date:
May 8, 2024
State:
FL
Finished Sq Ft:
7,420
ZIP:
33812
Lot Size:
66,041 sqft / 1.52 acres (approx)
Year Built:
1973
Units:
13
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Schools
Interior
Cooling
Central Air, Wall/ Window Unit(s)
Heating
Central, Other
Laundry Features
Other
Exterior
Construction Materials
Concrete, Metal Frame, Wood Frame
Exterior Features
Private Mailbox
Parking Features
Common, Driveway
Roof
Metal, Other
Financial
Tax Year
2023
Taxes
$9,599
Map
Community
- Address6065 BAY AVENUE SE LAKELAND FL
- CityLAKELAND
- CountyPolk
- Zip Code33812
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Courtesy of SVN SAUNDERS RALSTON DANTZLER REAL ESTATE. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 6065 BAY AVENUE SE
LAKELAND, FL
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