Jerry Mason
6065 Bay AVENUE SE, Lakeland, FL, 33812
0 beds
1973
7,420 sqft
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%
Status:
Active
Type:
Multi-family
Laundry Remarks:
Other
Units:
13
Subdivision:
HASKELL
Garage:
Common, Driveway
Heating:
Central, Other
Cooling:
Central Air, Wall/Window Unit(s)
Lot Size:
260 x 127
Acreage:
1.52
Est. Taxes:
$9,599
Construction
Concrete, Metal Frame, Wood Frame
Utilities
Electricity Connected, Water Connected
Lot Description:
In County
Days on Market:
1
MLS #:
O6203342
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of SVN SAUNDERS RALSTON DANTZLER REAL ESTATE Phone: 863-648-1528