$335,000
$349,900
4.3%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,296 SqFt
SOLD DATE : 05/31/2023
Key Details
Sold Price $335,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,296 sqft
Price per Sqft $258
Subdivision Tabor Estates
MLS Listing ID L4936705
Sold Date 05/31/23
Bedrooms 4
HOA Y/N No
Originating Board Stellar MLS
Year Built 1977
Annual Tax Amount $2,255
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type Duplex
Property Description
Incredible Investment Opportunity!!! This is a Fully Occupied Block Duplex with a metal roof that is currently leased at full market rent! This property has great tenants in place paying $1,375 per month PER SIDE and one of the tenants has been there for 12 years already! This means the property is actively producing $33,000 in gross rent per year with 11 months left on each lease!!! The cashflow opportunity on this investment is amazing! This property has been consistently updated and features concrete block construction, a metal roof, one brand new AC unit and the other just a couple years old, one brand new water heater and one a year old, tile floors in the main living areas with new Luxury Vinyl Planks flooring in one set of bedrooms and carpet in the other. Both units feature dedicated driveways with ample parking space, dedicate sidewalks and each unit has a large covered back porch and enclosed laundry room. Both back porches overlook a massive and completely private fenced back yard with newer privacy fences. These are some of the biggest yards available for rental units in Lakeland which keeps them in high demand and max market rent prices. This is a rare opportunity for a new or seasoned investor to step into a ready made cash-flowing investment leveraging cash or financing! Schedule your private viewing to get a shot at this property while it is still available!
Location
State FL
County Polk
Community Tabor Estates
Zoning R-2
Interior
Interior Features Other
Heating None
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Fence
Utilities Available Electricity Connected
Roof Type Metal
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Septic Tank
Water Well
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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