115 Emma Street
LAKELAND, FL 33815

Description

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.

Details

MLS#T3103848
Sub-TypeResale
StatusActive
Year1900
Days On Site56

Features

SQ Feet2,696
Units3
Building(s)2

Market Activity 33815

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Area Information

StateFL
CountyPolk
CityLAKELAND
Zip Code33815
Area33815 - Lakeland
Listing VS Median (in 33815)
Price:
$144,900
low | high
Med:
$85,000
91.338854382333% of Average
SqFt:
2,696
low | high
Med:
3,680
13.501483679525% of Average
$ / SqFt:
$54
low | high
Med:
$23
100% of Average
On Site:
56
low | high
Med:
135
41.481481481481% of Average
Listing Updated: 06/20/2018
MLS Number: T3103848
Listing Provided By:
Alex Colley  of  JRAC REALTY LLC

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