W. Dees Rd, Lakeland, FL 33810

Beds: 8   Baths: 5   SqFt: 3400

ARV: $350k  Repairs: $5k+  Rents: $3000- 3400/mo

$239,900+cc Assignable

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Great opportunity to own a cash flowing multiple residence property on 2 acres very close to major roads and shopping in Lakeland. Property consists of a single family, mobile home and a garage/efficiencies. Tenants have been there for some time, so there’s definitely good cash flow history and lots of room for more. The single family home is in good shape, with central A/C and a newer metal roof, might just need minor cosmetics. Right hand side mobile home is older, might need a few updates, but no repairs appear to be needed at the moment. Garage efficiency is grandfathered in, might need some updates and a plumbing repair, but no other needs mentioned by the tenants. There is a detached garage on left side of property which is empty and there is also a small mobile home left of it that is empty as well. So there’s definitely more opportunity to add more income. There is also a RV hook up for electric. Overall, there could be some updates to be done, but nothing that might require immediate attention. There are 3 electric meters and 3 septic systems. The lot itself is pretty clean, might need some light clean up and minor landscaping. Lots of space and opportunity to make it a great cash flow property. Great location, quiet, cul-de-sac street right of HWY 98, very close to major highways, shopping, schools and amenities. A bit difficult to find as no similar properties have sold in area, but one close duplex sold recently near by.

 

Comps:

7738 Chase Rd
2/1 X 2 duplex, 2,228 SqFt, 1974, on .30 of an acre, clean rented units
SOLD $176,000 8/2018

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