5520 3RD ST SE, Lakeland, FL 33812 - MLS#TB8344133

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Kseniya Edwards

rent@vhrfl.com +1(386) 237-7688

$657,500

Est. payment - /mo

4 Beds

4 Baths

1,800 SqFt

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UPDATED:

02/11/2025 04:13 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,800 sqft

Price per Sqft $365

Subdivision Haskell

MLS Listing ID TB8344133

Bedrooms 4

HOA Y/N No

Originating Board Stellar MLS

Year Built 2005

Annual Tax Amount $3,730

Lot Size 1.310 Acres

Acres 1.31

Property Description

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: $52,250 *Estimated Expenses: $12,799 *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!

Location

State FL

County Polk

Community Haskell

Zoning R-4

Direction SE

Interior

Interior Features Built-in Features, Living Room/Dining Room Combo, Split Bedroom, Thermostat, Walk-In Closet(s), Window Treatments

Heating Central

Cooling Central Air

Flooring Laminate, Vinyl

Fireplace false

Laundry Electric Dryer Hookup, Inside, Washer Hookup

Exterior

Exterior Feature Lighting

Utilities Available Electricity Connected, Street Lights, Water Connected

Roof Type Other

Garage false

Private Pool No

Building

Foundation Pillar/Post/Pier

Lot Size Range 1 to less than 2

Sewer Septic Tank

Water Public

Structure Type Metal Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8344133

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Listed by FUTURE HOME REALTY INC

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Kseniya Edwards

+1(386) 237-7688

Agent | BKSL3312959

Agent BKSL3312959

5520 3RD ST SE Lakeland, FL 33812

Kseniya Edwards

Key Details

Location

Interior

Exterior

Building

Others

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