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5520 3rd Street Se, LAKELAND, FL 33812
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  • MLS#: TB8344133 ( Residential Income )
  • Street Address: 5520 3rd Street Se
  • Viewed: 47
  • Price: $627,500
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2005
  • Bldg sqft: 0
  • Bedrooms: 4
  • Total Baths: 4
  • Days On Market: 166
  • Additional Information
  • Geolocation: 27.9651 / -81.8755
  • County: POLK
  • City: LAKELAND
  • Zipcode: 33812
  • Subdivision: Haskell
  • Provided by: FUTURE HOME REALTY INC
  • Contact: Audrey Johnson
  • 813-855-4982
  • mfrmls
  • DMCA Notice
  • Description
    Great Investment Opportunity with stable income stream in Lakeland/Highland City, Florida! Located in a prime area just off the high traffic State Road 98, a walk distance to restaurants and shopping plaza. This well maintained mobile home park offers a fantastic opportunity for both new investors or those looking to expand their portfolio. Key Features:(1) 8 total spaces include 2 rent to own homeswill be fully tenant owned by 2026and 5 tenant owned homes with lot rent only) 1 vacant space with significant potential (2) Well run park with strong tenant retention and consistent revenue streams. (3) Tenants are separately metered for water and electric City water with several septic tanks. Financials:*Gross Revenue: $54,428 *Estimated Expenses: $12,160 * NOI $42,260 and CAP Rate 6.73% *Potential for an additional $10,000+ in revenue by increasing lot rents and implementing trash charge backs *Filling the vacant space could bring an additional $14,400 $16,800 annually. Investor Opportunity: Your proforma Cap Rate 8.5% with minimal effort. This property is ready for immediate returns with plenty of room for growth. Dont miss out on this exceptional opportunity to secure a solid, income generating asset in a rapidly growing market!
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Lighting
  • Flooring: Laminate, Vinyl
  • Living Area: 1800.00
  • Roof: Other
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity, Water
Other Features
  • Country: US
  • Interior Features: Built-in Features, Living Room/Dining Room Combo, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments
  • Legal Description: HASKELL PB 1 PG 5A TIER 2 BLK 7 LOTS 1 3 THRU 8 & NLY 1/2 OF CLOSED ALLEY LYING SWLY OF LOT 1 & CLOSED ALLEY LYING BETWEEN LOTS 3 THRU 8
  • Area Major: 33812 - Lakeland
  • Parcel Number: 24-29-14-283000-020710
  • Views: 47
  • Zoning Code: R-4
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