5520 3rd Street Se, LAKELAND, FL 33812
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  • MLS#: TB8344133 ( Residential Income )
  • Street Address: 5520 3rd Street Se
  • Viewed: 68
  • Price: $589,500
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2005
  • Bldg sqft: 0
  • Bedrooms: 4
  • Total Baths: 4
  • Days On Market: 211
  • 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 3 septic tanks. Financials:*Gross Revenue: $54,428 *Estimated Expenses: $12,122 * NOI $42,305 and CAP Rate 7.18% *Potential for an additional $15,000+ 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 9.48% 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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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

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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: 68
  • Zoning Code: R-4
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