5520 3rd STREET SE, Lakeland, FL, 33812
4 beds
2005
1,800 sqft
Great Investment Opportunity with stable income stream in Lakeland/Highland City, Florida! Located in a prime area just off the high-traffic State Road 98, a walk distance to restaurants and shopping plaza. This well-maintained mobile home park offers a fantastic opportunity for both new investors or those looking to expand their portfolio. Key Features:(1) 8 total spaces include 2 rent-to-own homes—will be fully tenant-owned by 2026—and 5 tenant-owned homes with lot rent only) 1 vacant space with significant potential (2) Well-run park with strong tenant retention and consistent revenue streams. (3) Tenants are separately metered for water and electric City water with several septic tanks. Financials:*2024 Gross Revenue: $52,513 *Estimated Expenses: $12,776 *Potential for an additional $10,000+ in revenue by increasing lot rents and implementing trash charge-backs *Filling the vacant space could bring an additional $14,400-$16,800 annually. Investor Opportunity: Easily increase your cap rate with minimal effort. This property is ready for immediate returns with plenty of room for growth. Don’t miss out on this exceptional opportunity to secure a solid, income-generating asset in a rapidly growing market!
Status:
Active
Type:
Multi-family
Laundry Remarks:
Electric Dryer Hookup, Inside, Washer Hookup
Units:
8
Subdivision:
HASKELL
Heating:
Central
Cooling:
Central Air
Acreage:
1.31
Est. Taxes:
$3,731
Construction
Metal Frame
Utilities
Electricity Connected, Street Lights, Water Connected
Days on Market:
9
Lease Term Type:
12 Months
MLS #:
TB8344133
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of FUTURE HOME REALTY INC Phone: 813-855-4982