Lakeland

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

Longfellow Blvd, Lakeland, FL 33801

Beds: 18    Bath: 10    SqFt: 5100

ARV: $390k+    Repairs: Light- Moderate   Rents: $4275/mo

$324,900+cc Assignable

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Are you looking for a lakefront, value-add, investment opportunity? If so, here’s eight residential units, two of which are single family homes; one has 3 bedrooms and 2 bathrooms, the other has 3 bedrooms and 1 bathroom. Also included are 5 manufactured homes that are all 2 bedrooms and 1 bathrooms. In addition, there is one garage unit with 2 bedrooms and 2 bathrooms. All units have basic appliances, excellent rental history, and they are conveniently located near major highways, main roads and shopping plazas. All units are tenant occupied, and on a month to month basis. The majority of the tenants have been living in units for more than 15+ years, so all units are under current market rent.

PENDING – S. Lincoln Ave, Lakeland, FL 33803

Bed: 3    Bath: 1    SqFt: 1005

ARV: $150k     Repairs: $15k-$20k

$92,500+cc

This is the cheapest active, pending or sold in the neighborhood within the last 6 months, including REO’s and Short Sales.  House is a 3/1 with just over 1,000 sf and is in relatively good shape already. You will not need to over rehab this house at all.  Only a couple of comps are nicely rehabbed but they are a different style of home.  You will need an outside ac, some kitchen/appliance work, spray in bathroom, and paint. Almost every comp sells within days, whether it is rehabbed or not.  You have a ton of  3/1 comps as well.  You have a pending at 1413 Camphor that is not rehabbed and sold for 145k in 7 days.   You don’t have a lot of rehabbed comps, but the ones you do are selling well into the 200k’s, so our ARV estimate of 150k is definitely very conservative. This property will go fast and is shown by appointment only.   Please call or text for more information.

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SOLD – Colleen Drive, Lakeland, FL 33810

Bed: 3     Bath: 1.5     SqFt: 1148

ARV: $145k+     Repairs: $25k

$79,900+cc 

Perfect rental/flip opportunity located in Lakeland. This single-family home sits on a .18-acre lot with an attached carport, large screened porch with a bar area, and a fenced-in backyard. Features also include a spacious living room, nice sized bedrooms and a sun-room with access to the porch area, perfect for entertainment. With some TLC, this will make an excellent investment opportunity! For a rental or flip, the main roof needs to be repaired in some areas of the eaves and fascia. The screened patio needs a new roof. The rear siding needs a few repairs. The half should be converted to a full bath to boost resale. Ceiling drywall is needed in the storage. For a rental, the carpet needs to be replaced. For a flip, the kitchen, appliances, bathrooms and floors need to be fully updated. Replacing a few windows is recommended. To finish it off, interior and exterior paint must be applied, along with landscaping

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SOLD – Lowry Ave, Lakeland, FL 33801

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Beds: 3   Baths: 2   Sq. Ft: 1,424

ARV: $135k   Repairs: $20k

$84,900+cc

Nice Lakeland Deal! This concrete block rental home property features 3 bedrooms and 2 baths with a single car garage. It is less than half a mile from Southeastern University. Close to public transportation and a tenant rich area, the property has been well maintained. It is currently tenant occupied with a lease in place through November, creating immediate cash flow. Our return rate is based on current rent amounts, but we recommend raising rent to market price of $1050 to $1100. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net

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SOLD – Skyview Blvd, Lakeland, FL 33801

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Beds: 3   Baths: 2   Sq. Ft: 1,152

Repairs: $4k   Rent: $500/mo

$24,900+cc

This property features 3 bedrooms and 2 bathrooms. It is located on a double lot and has a ton of potential as a great rental investment. The interior is in need of some TLC, and the exterior siding on the back side of the property needs to be replaced, etc. This property is tenant occupied at $500 per month. Tenant is long term and would love to stay. Please call to schedule a showing today! Contact me at 407-404-3225 or email me at Alex@VaultVentures.net

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SOLD – W. Emma St, Lakeland, FL 33815

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Beds: 4   Baths: 4    Sq. Ft: 2,560

ARV: $120k   Repairs: $15k

$59,900+cc

Heres your chance to become owner of 4 rental units, possible income of $1600 to $1900 a month income with an estimated 23% ROI. 4 units all one bed one bath units. Will need some rehab to bring up to date. I will have more pictures this afternoon.  Please let me know if you would like any more info and I will get it right over to you! Contact me at 407-404-3225 or email me at Alex@VaultVentures.net

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