W. Dees Rd., Lakeland, FL 33810

REDUCED!

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Here is a 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 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.

• Mobile home on the right 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. Call today to schedule a showing.

Assignable

Est. Rehab: $5,000 +/-

Est. ARV: $350,000 +/-

Est. Average Market Rent: $3,000-3,400/month +/-

Recent Area Sales / Activity:

• 7738 Chase Rd – 2/1 X 2 Duplex, 2228 SF, 1974, on .30 acre, clean rented units – SOLD $176,000 8/2018

Buyer Notes: Multi-Residence property – 8 bedrooms, 5 bath. 3,400 sq-ft of living space approximately with 2 acres of land zoned Multiple residence.

No HOA. All units on Well/Septic.

Consists of:

• 3/2/2 SFH with 1,912 sq-ft built 1994 (central a/c) Rented for $1,000/m month to month
• 2/1 MH with approximately 800 sq-ft built 1973 (window a/c units) Rented for $750/m m to m.
• Garage converted into 2 efficiencies, a 2/1 and a 1/1 with approximately 750 sq-ft between both units (window unit a/c’s) renting a combined $1,250/m m to m.
• 1/1 mobile home also on property, condition to be determined. (empty we believe)
• detached empty garage