Lakeland

E. Lake Parker Dr, Lakeland, FL 33801

Beds: 14    Baths: 10.5     SqFt: 8463

Repairs: $5k    Rents: $6,650/mo

$529,900+cc

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Lakeland 7 Unit Complex! Here is an exceptional opportunity to acquire seven townhome-style apartment units, all in one building. Each two-story unit consists of 2 bedrooms and 1.5 bathrooms with an estimated square footage of 1,200 per unit. This property is situated in a great location and all units have lake views from the second level balcony. This property has been very well maintained however the roof has reached the end of it’s economic life and may need replacement in the near future. Each unit is tenant occupied on month-to-month leases and generating around $4,825 per month. Current rents are substantially below market rates. There are very strong comps in the area showing market rents between $895 to $950 per month. With the size, style, and location of these townhomes, we feel $1000 per month is not unrealistic. This opportunity offers a few investment options. One option would be to introduce rent increases and hold for long term cash flow. Another would be to resell the property once rents are raised, at an estimated 7% cap value of $800,000. And finally, there may be an option to individually parcel these units and sell them off separately for top dollar.

Chestnut Woods Dr, Lakeland, FL 33815

Beds: 4    Baths: 2    SqFt: 1820

ARV: $95k    Repairs: $8k     Rent: $1050/mo

$77,500+cc 

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Here is a multi-family property that consists of two, 2 bedroom/1 bathroom units. Each side is approximately 910 square feet. The property appears to be in good condition, with tenants who currently pay $500 to $550 per side on a month to month basis. Property will need to have both A/C units checked and possibly one replaced. Roof appears to be in good working conditions with no visible leaks. Rent continues to rise in Lakeland, making this property an excellent addition to any investor’s portfolio.

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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