Highland City, FL 33846,Address not disclosed
Highland City, FL 33846,Address not disclosed
Highland City, FL 33846,Address not disclosed
14
$417,000
$475,000
12.2%
Est.Price: ?

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7,250 SqFt

Address not disclosed Highland City, FL 33846

Est. payment /mo
SOLD DATE : 07/30/2020

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Key Details

Sold Price $417,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,250 sqft

Price per Sqft $57

Subdivision Haskell

MLS Listing ID P4910522

Sold Date 07/30/20

Construction Status Inspections

HOA Y/N No

Year Built 1975

Annual Tax Amount $5,780

Lot Size 1.520 Acres

Acres 1.52

Lot Dimensions 260x127

Property Description

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.

Location

State FL

County Polk

Community Haskell

Zoning XX

Interior

Heating Central, Electric, Wall Units / Window Unit

Cooling Central Air, Wall/Window Unit(s)

Fireplace false

Exterior

Exterior Feature Other

Parking Features Off Street

Utilities Available Electricity Connected, Phone Available, Water - Multiple Meters, Water Connected

Roof Type Membrane,Metal,Other,Shingle

Garage false

Private Pool No

Building

Entry Level One

Foundation Crawlspace, Slab

Lot Size Range One + to Two Acres

Sewer Septic Tank

Water Public

Structure Type Block,Other

New Construction false

Construction Status Inspections

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition None

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Stellar MLS
Listed by CLIGGITT REALTY
Bought with REAL LIVING CASA FINA REALTY

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Gemma Peterson

Broker/Owner | License ID: NMLS: 2295908 MLO:2121526

+1(407) 242-7758

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