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Gelfand Realty Miami Properties - Multi Family

302 W MAGNOLIA, LAKELAND, FL 33815

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Multi Family - TRAMMELS RESUB

302 W MAGNOLIA, LAKELAND, FL 33815

Sold Price$305,000 Asking Price$329,900

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  • Days on market:

    115 day(s)
  • Original Price:

    $299,900
  • Price per sqft:

    $45.69
  • Tax Legal Description:

    TRAMMELLS RESUB PB 5 PG 4 BLK 14 LOT 5
  • Tax Year:

    2013
  • Property Type:

    Multi Family
  • Parking:

    None Open
  • View:

    Water
  • Lease Term Remaining:

    24 Months
  • Construction Type:

    StuccoWood Frame
  • Roof:

    Shingle
  • Cooling Description:

    Central AirWall/Window Unit(s)
  • Heating Description:

    CentralWall Units / Window Unit
  • Floor Description:

    LaminateCeramic Tile
  • Interior Features:

    Kitchen/Family Room Combo
  • Exterior Features:

    Sidewalk
  • Equipment/Appliances:

    Electric Water Heater
  • Special Listing Conditions:

    None
  • Lot Features:

    Corner Lot SidewalkCity Lot Near Public Transit Level

Description

$329,900 • living size area 7220 sqft

Attention investors looking for cash flow! check out this 8 unit apartment building in the heart of beautiful downtown lakeland, florida! this turnkey investment property has the potential for 15%+ once final 2 units are rented. walking distance to local elementary school and convenient to bus line, shopping, and dining. all units have been recently renovated to include kitchens, baths, ceramic tile in kitchen areas, wood laminate flooring, freshly painted throughout, newer plumbing, electric, mechanical and hvac systems have been updated. (all renovations were permitted.) each unit is individually metered for electric. interior features include 9' ceilings in most units. this property consists of 2 efficiency apartments, (2) 2 bed/1 bath units; (2) 3 bed/1 bath; (1) 4 bed, 1-1/2 bath and (1) 4 bed, 1 bath. all units are currently occupied with tenants who have 12 month lease agreements. don't miss out on this fantastic income opportunity. call today to schedule an appointment to see!

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