6065 Bay Avenue SE
LAKELAND, FL 33812
- – beds
- – baths
- 7,420 sqft
- ~2 acre lot
- $151 per sqft
- 1973 build
- – on site
TREMENDOUS INCOME OPPORTUNITY! Located in one of the fastest growing areas of South Lakeland, this is multifamily development, consisting of 6 park owned mobile homes, and 7 single family (small) homes. The six mobile homes are part of the Florida Mobile Home Registry under Pa-pa Bears Mobile Home park. The other 7 homes are part of the same parcel - each have a separate mailing address. Current annual income of $131,580, with upside to grow to another 10% quickly. Lakeland and Polk County are among the fastest growing places in the U.S., as the City sits in the middle of Tampa and Orlando on the I-4 corridor. In the immediate area, new apartment developments have been built, and several shopping areas, including Publix, across the street. There are primary, middle and high schools very close by, and the main thoroughfare, US 98 stretches from the north side of Lakeland to the south side. The annual rental income is $131,560, and all expenses are detailed and accounted for, giving us a current cap rate of 8.26%
Listing courtesy of STELLAR_MLS / SVN SAUNDERS RALSTON DANTZLER REAL ESTATE
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Last updated May 10, 2024
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MLS# O6203342 —
Walk Score®
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Bike Score®
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Soundscore™
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/8/24
May 8, 2024
|
Listed / Active | STELLAR_MLS | $1,125,000 |