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Gelfand Realty Miami Properties - Multi Family

302 CRESAP, LAKELAND, FL 33815

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Multi Family - KIBLERS SECOND ADD

302 CRESAP, LAKELAND, FL 33815

Sold Price$345,000 Asking Price$394,000

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  • Days on market:

    48 day(s)
  • Original Price:

    $394,000
  • Price per sqft:

    $110.99
  • Tax Legal Description:

    KIBLERS SECOND ADD PB 9 PG 46 BLK A LOT 1
  • Tax Year:

    2016
  • Property Type:

    Multi Family
  • Parking:

    None Open
  • Elementary School:

    Dixieland Elem
  • Lease Term Remaining:

    24 Months
  • Construction Type:

    Block
  • Roof:

    Shingle
  • Cooling Description:

    Wall/Window Unit(s)
  • Heating Description:

    Wall Units / Window Unit
  • Floor Description:

    Ceramic Tile
  • Exterior Features:

    Sidewalk
  • Special Listing Conditions:

    None
  • Lot Features:

    City Lot

Description

$394,000 • living size area 3550 sqft

Solid rental hot spot in dixieland (lakeland) ! excellent investment opportunity for a 6 unit, fully occupied apartment complex in established and desirable central lakeland. walking distance to lake hunter, dixieland shops and restaurant, florida southern college, and within a few minutes drive to the polk parkway and interstate 4. 3 studio apartments and 3 1/1 apartments, with block construction and tiled floors. tenured tenants with leases. current gross rental income is $40,680 ($3390 per month), $9046 in expenses and an 8% cap rate. opportunity exists to continue to being rents inline with going rates. no time like the present to start or enhance your portfolio.

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