0 Address Not DisclosedLakeland, FL 33815

Property Details for 0 Address Not Disclosed

Property size (Sq ft)

12,453 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a 10-unit single-family home portfolio located primarily in Lakeland, Florida, with two additional properties situated in Bartow. The portfolio boasts a total of 12,453 square feet across nine occupied homes and one vacant lot, offering significant upside potential. Currently achieving 100% occupancy with a total monthly rent of $11,500, a pro forma analysis projects a substantial increase to $16,000 monthly, representing a potential $4,500+ monthly upside. The majority of the homes are conveniently located near each other in Lakeland's midtown area. Most leases are month-to-month with 30-day notice periods, allowing for flexible rent adjustments. The asking price is $1,686,620, translating to $168,662 per unit and a price per square foot of $135.44. The portfolio currently generates a Net Operating Income (NOI) of $87,251, resulting in a 5.17% capitalization rate. Major expenses include property taxes, insurance, lawn maintenance, and repairs. The properties are zoned R-1. The lot size is 135.44 square feet. Please respect tenant privacy and avoid direct contact. Detailed financial information is available upon request. This turnkey portfolio offers a compelling opportunity for immediate income and long-term growth.

Location Insight

City

Lakeland

County

Polk

State

Florida

Latitude

28.0482

Longitude

-81.9917

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