Photo 1 of 1
$417,000
Sold on 7/30/20
Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
|
0.00 |
7,250 |
$5,781 |
1975 |
On the market:
108 days
|
View full details, 15 photos, school info, and price history
DO NOT DISTURB TENANTS. Clean, well-maintained property. Great cash flow, strong rental history, stabilized investment property that includes 13 units in a fast growing area of Southeast Lakeland (Highland City address). Property includes a total of 13 units with 7 units that are small site built homes and 6 that are park-owned mobile homes. Great As Is investment return with upside potential. Property is near the corner of Clubhouse Road and U.S. Highway 98 South (Bartow Road) and is close to schools, shopping, and recreation. Rent from 7 occupied small site built homes - Range $300/month to $450/month = $2,710/month or $32,520/year. Rent from 5 occupied park-owned mobile homes - Range $550/month to $700/month = $3,000/month or $36,000/year. Potential Rent from current vacant mobile home not included above but could be $700/month or $8,400/Year with rehab or replacement. Potential Gross Income based on existing occupied rentals and potential rehab of one vacant unit = $6,410/month or $76,920/year. There is also upside potential to the existing rental rates as many haven't been adjusted for years.
Listing courtesy of Mike Cliggitt, CLIGGITT REALTY