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1321 MANN RD Lakeland, FL 33810
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Key Details
Sold Price $560,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,432 sqft
Price per Sqft $230
Subdivision Acreage
MLS Listing ID L4926991
Sold Date 01/05/22
Construction Status Inspections
HOA Y/N No
Year Built 1968
Annual Tax Amount $2,606
Lot Size 0.540 Acres
Acres 0.54
Property Description
Check out this great money-making 8 unit multifamily property. These units were completely updated within the last 3 years and boasts; Renovated kitchen, renovated bathrooms, updated electrical, new wall AC units, All new roofs, new windows, new plumbing, new appliances interior completely repainted in and out, new tile flooring(no carpeting at all), new light fixtures, new interior doors, Well Pump replaced Dec 2021, Septic was pumped 2 years ago. These units are all rented. It consists of 8 buildings. Unit-1 192 sqft (Studio) renting for $620. Unit-2 192 sqft (Studio) $550. Unit-3 256 sqft (Studio) $610. Unit 4 256 sqft (Studio) $600. Unit-5 256 sqft (Studio) $610. Unit-6 256 Sqft (1/1) $700. Unit-7 512 sqft (1/1)$760 Unit-8 512 sqft (1/1)$735. These are all rented as of 12/10/21. Each unit is individually metered for electricity. The complex is on 1 well which provides water to all the units (last year's electricity consumption for the well pump was $384). The complex is on septic. These units have tons of potential for either AirBnB, no rental restrictions. Lawn care is $235 a month.
Location
State FL
County Polk
Community Acreage
Zoning R-3
Interior
Interior Features Living Room/Dining Room Combo, Open Floorplan
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile
Furnishings Unfurnished
Fireplace false
Appliance Range, Refrigerator
Laundry None
Exterior
Exterior Feature Awning(s), Lighting
Parking Features Assigned
Utilities Available Cable Connected, Street Lights
View Garden
Roof Type Shingle
Porch Front Porch
Garage false
Private Pool No
Building
Lot Description In County, Level, Near Public Transit, Paved
Entry Level One
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Septic Tank
Water Well
Structure Type Block
New Construction false
Construction Status Inspections
Schools
Elementary Schools Dr. N. E Roberts Elem
Middle Schools Sleepy Hill Middle
High Schools Kathleen High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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