$1,288,000 • living size area 23900 sqft

The goodyear apartments is a 28-unit, class b multifamily complex located east of us 98 and less than one mile from southeastern university in lakeland, florida. this multifamily property holds a high level of occupancy in a submarket with an average of 96% occupancy. excellent unit mix with majority two-bedroom floor plans. all homes come complete with full size kitchen with appliances, central hvac and are individually metered. the 2 bedroom floor plans are equipped for in home washer and dryer. one unit is currently designated for an onsite property manager that collects rents and addresses any maintenance requests for the investor. significant renovations within the past two years include updating unit interiors, roofs, and plumbing. complete roof replacement was completed in late 2015 as well as installation of a new submersible sump/sewage system and backflow preventer devices were installed in the event of plumbing failure. interior improvements consist of new cabinet doors, new paint, fans, receptacles/switches throughout and all amenities in bathrooms. this is a turn-key operation realizing economies of scale, automation, consistent 96%+ occupancy and effective rent growth. electrical and waste water sewage services are provided by the city of lakeland.

Multi Family - FERNWOOD APTS

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