302 Cresap Street
Lakeland, FL 33815
- – beds
- – baths
- 3,550 sqft
- 11,718 sqft lot
- $97 per sqft
- 1960 build
- – on site
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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.
Listing courtesy of STELLAR_MLS / Coldwell Banker Residential RE
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Last updated Mar 18, 2023
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MLS# L4723746 —
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
8/31/16
Aug 31, 2016
|
STELLAR_MLS | $155,000 |