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This off-market concrete block home in Lakeland could be a flip or a rental with equity. Rental income is over 8% APY. The property consists of a 3 bedroom, 1 bathroom main house and a 1 bedroom, 1 bathroom attached in-law suite. We recommend rehabbing this property and reselling as a 4/2, newly remodeled home once the project is completed! The main house is rented to a long term tenant at $775 per month and is currently on a month to month lease. The in law suite is vacant and was being used as a separate rental for $425 per month. This property is on city water & sewer. Flips and solid rental opportunities in Lakeland don’t last long. Call today to set up a showing!
Shore Acres, No HOA
Est. Rehab: $22,500
Est. ARV: $199,900
Current Rent: $775 (main house only)
Market Rent: $1,200 (both main house and in-law suite)
- Address: East Fern Road, Lakeland, Florida 33801
- Price: $129,900
- Availability: Sold
- Listing Type: Single Family
- Bedrooms: 4
- Bathrooms: 2
- Total Square Feet: 2166
- Construction Type: Block
- Year Built: 1955