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$149,000 • living size area 2160 sqft
Cash cow. 16% estimated cap rate. all the hard work has been done - time to collect rents! full renovations on all units. this property consists of a 4 unit concrete block building and a wood frame single family house. the house is a 3 bed 1 bath with washer/dryer hookup. 4 unit building consists of 4 studio apartments with 4 electric meters. brand new ceramic tile flooring throughout the studios, new wall unit a/c's, new bathroom vanities and toilets. these units are durable and built to last. fully transferrable termite warranties on both buildings, they were both tented for drywoods in 2014. financial figures are estimated based upon 100% occupancy and 9% property management fees. estimated $2,750 monthly rent roll, $33,000 annual. net income estimated at over $2,000 per month! inquire for additional proforma information. 1 unit already occupied, these units will fill up fast. cash only, priced for a quick sale at 16% cap rateMulti Family - NORTH LAKELAND ADD
510 SILVER, LAKELAND, FL 33805
Date Sold 05-20-2015
Sold Price$135,000 Asking Price$149,000
Share by:
- Living 2160sqft
- Lot size 7135sqft
- Taxes: Register to see
- Year Built 1925
-
Days on market:
51 day(s) Original Price:
$149,000-
Price per sqft:
$68.98 Tax Legal Description:
NORTH LAKELAND DB 71 PG 144 BLK A LOT 1 N 50 FT LESS R/W ON DAKOTA AVE & N 50 FT OF LOT 2Tax Year:
2014-
MLS:
T2734417 -
Property Type:
Multi Family -
Parking:
NoneCircular Driveway Open
Lease Term Remaining:
24 MonthsConstruction Type:
BlockWood FrameRoof:
ShingleCooling Description:
Wall/Window Unit(s)Heating Description:
Wall Units / Window UnitFloor Description:
CarpetCeramic TileEquipment/Appliances:
RefrigeratorElectric Water Heater RangeSpecial Listing Conditions:
NoneLot Features:
Corner LotCity Lot Near Public Transit
Description
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