$359,900
Description
COMPLETELY RENOVATED TRIPLEX IN LAKELAND WITH A 9.29% CASH ON CASH RETURN! Financials attached with reset taxes and REAL NUMBERS! 3 units with separate addresses on one parcel zoned Multiple SFR Residences in Lakeland Florida. (See attachments in the data room) The property was completely renovated in 2022 and now is stabilized with 3 long term tenants and PROFESSIONAL PROPERTY MANAGEMENT IN PLACE! Each unit is a 1 bedroom/1 bathroom and currently rented for $1150 per month with the tenants paying WATER AND ELECTRIC. The units have different addresses as they each have there own water meters and electric meters. 915, 915 1/2 and 917 MLK are the addresses associated with the utility bills. Each unit also has its own WASHER/DRYER and newer STAINLESS STEEL APPLIANCES all owned by the current owner. Over 80% of the structures has NEW WINDOWS, FRESH PAINT INTERIOR/EXTERIOR throughout all units, NEW VINYL WATERPROOF FLOORING throughout units, NEW LIGHT FIXTURES, 3 NEW MINI SPLITS (1 in each unit) and the list goes on! 3 NEW ROOFS were installed with 20 year workmanship warranties, 10 year algae/mold warranties, 2 year service (every 6 months) debris and roof inspection, as well as FREE WIND MITIGATION REPORT FOR INSURANCE FOR THE BUYER! All 3 units were also TREATED FOR TERMITES! The landscaping is MAINTENANCE FREE as it is shell and mulch throughout the property making it easy for a new owner to manage! The entire property is FENCED! Each unit has a front porch and a separate back entrance. The parking is in the rear of the property and allows for 5-6 vehicles also was redone to be maintenance free as it is shell. According to US News, Lakeland, FL is ranked #61 in best places to live in the U.S., #18 in the best places to retire. #9 in best places to live in Florida, #7 in fastest-growing places. Lakeland, the largest city in Polk County, is home to the largest one-site collection of Frank Lloyd Wright architecture in the world at Florida Southern College, Circle B Bar Reserve, Detroit Tigers Spring Training, and Safari Wilderness. THIS TURN KEY ASSET FOR AN INVESTOR WONT LAST LONG! (Interior pictures attached are of 917 MLK, each unit is similar but slightly different, layouts are all the same, DO NOT DISTURB THE TENANTS) (Current owner will provide SURVEY to new Buyer)
Listed by Betsy Tinervin, .
Property Highlights
- Property Type: Multi Family, Triplex
- MLS #: T3408332
Room Information
| Total Baths | 1 |
| Total Beds | 1 |
Property Features
| Interior Square Footage | 1,386 |
| Lot Size Acres | 0.14 |
| Lot Size Dimension | 72x84 |
| Lot Size Square Feet | 6,120 |
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