Investors. Here's a super rare opportunity to own a large triplex made up of a 3 bdrm 1 bath, a 4 (or 5) bdrm 1 bath, and a 1/1 single family house. Brand new roof (permitted) just installed on both buildings! New kitchen & bath just finished in both duplex units, new front balcony + updated electric & plumbing. Single family could use TLC, but is rented for $500 per month, long time tenant who-wants to stay. The duplex: 1st level: 3bed 1 bath: could be modified to be a 4/1 or 4/2. Currently has 3 good sized bdrms, large living room, & formal dining rm (could be turned into 4th bdrm) Also has large laundry room, easily made into 2nd bath. Upstairs unit is currently setup as a 5/1 and was most recently rented by the room for max cash flow. Cash flow analysis 1/1 SFR already rented for $500 . 1st level of duplex $850 market rent (or turn into 4 bdrm and rent each room for $350 per month = $1400 . 2nd level of duplex $950 market rent (or rent 5 bdrms for $350 per month = $1750 monthly rental income $2,200 or as high as $3,650 by renting rooms. We have flexible financing available for all credit types, with as little as 10% down. just ask! Projected gross rental income of AT LEAST $2300 per month/ $27,600 per year! Last chance to pick this triplex up, finish off the cosmetic repairs, and own a solid cash producing income property before the seller finishes the project & keeps it forever.
| MLS# | T3103848 |
|---|---|
| Sub-Type | Resale |
| Status | Pending |
| Year | 1900 |
| Days On Site | 146 |
| SQ Feet | 2,696 |
|---|---|
| Units | 3 |
| Building(s) | 2 |
Area Information | |
|---|---|
| State | FL |
| County | Polk |
| City | LAKELAND |
| Zip Code | 33815 |
| Area | 33815 - Lakeland |
| Listing VS Median (in 33815) | |
Price: $144,900 low | high Med: $114,950 SqFt: 2,696 low | high Med: 1,112 $ / SqFt: $54 low | high Med: $104 On Site: 146 low | high Med: 197.500000 | |
MLS Number: T3103848
