6065 BAY AVE SE Active Save Request In-Person Tour Request Virtual Tour
Lakeland,FL 33812
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,420 sqft
Price per Sqft $151
Subdivision Haskell
MLS Listing ID O6203342
HOA Y/N No
Originating Board Stellar MLS
Year Built 1973
Annual Tax Amount $9,598
Lot Size 1.520 Acres
Acres 1.52
Lot Dimensions 260x127
Property Description
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%
Location
State FL
County Polk
Community Haskell
Zoning RL4
Direction SE
Interior
Interior Features Other
Heating Central,Other
Cooling Central Air,Wall/Window Unit(s)
Fireplace false
Laundry Other
Exterior
Exterior Feature Private Mailbox
Garage Common,Driveway
Utilities Available Electricity Connected,Water Connected
Waterfront false
Roof Type Metal,Other
Parking Type Common,Driveway
Garage false
Private Pool No
Building
Lot Description In County,Paved
Entry Level One
Foundation Crawlspace
Lot Size Range 1 to less than 2
Sewer Septic Tank
Water Public
Structure Type Concrete,Metal Frame,Wood Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None