5520 3rd Street Se, LAKELAND, FL 33812
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Priced at Only: $589,500
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Address: 5520 3rd Street Se, LAKELAND, FL 33812
Property Location and Similar Properties
- 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
- DMCA Notice
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DescriptionGreat 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 $
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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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