Address
6065 Bay AVENUE SE, LAKELAND, FL
Price
$ 1,125,000
Property Attributes
  • MLS#O6203342
  • TypeIncome
  • CountyPOLK
  • CityLAKELAND
  • AreaLakeland
  • NeighborhoodHaskell
  • Zip33812
  • StyleMulti Family
  • Year Built1973
  • Taxes$ 9598
  • Price$ 1,125,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7420
  • Lot Size1.52 Acres
Data Source:
Stellar MLS
Property Description

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%

Price History
5/8/2024 Listed $1,125,000

General Features

Interior Features Other
Sewer Septic Tank
Heating Central,Other
Cooling Central Air,Wall/Window Unit(s)
Utilities Electricity Connected,Water Connected
Roof Metal,Other
Exterior Features Private Mailbox
Zoning RL4
Construction Materials Concrete,Metal Frame,Wood Frame
Year Built 1973
Tenant Pays Electricity,Water
Levels One
Property SubType Multi Family
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 131580
County Polk
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name HASKELL
Garage Y/N No
Status Active
Directions Clubhouse Road/530 east toward US 98 to address.
ModificationTimestamp 2024-05-09T05:00:16.300Z
City LAKELAND
Buyer Agent Compensation 3%
Disclosures None
View Y/N No
Senior Community Y/N No
NumberOfUnitsTotal 13
MLS Area 33812 - Lakeland
Lot Size Units Acres
Lot Size Square Feet 66041
Waterfront Y/N No
Carport Y/N No
Land Lease Y/N No
Tax Annual Amount 9598.85
Property Condition Completed
Additional Parcels Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6203342
Days on Market 1
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 1
Total Actual Rent 10965
Legal Description HASKELL PB 1 PG 5A TIER 7 BLK 2 LOTS 1 TO 4
Water Access Y/N No
Water View Y/N No
Flood Zone Code X

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Laundry Features Other
LivingAreaSource Public Records

Exterior Features

Parking Features Common,Driveway
Lot Features In County
Water Source Public
Lot Size Area 1.5161
Foundation Details Crawlspace
Number of Buildings 13
Lot Dimensions 260 x 127
Lot Size Acres 1.52
Road Surface Type Paved,Asphalt
Road Frontage Type Street Paved
Number of Lots 1
Road Responsibility Public Maintained Road
Open Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 33812

Price
AVG $1.13M
$1.13M
Taxes
AVG $9,598
$9,598
Visits
AVG 463
463
Data Provided by Inside Real Estate®
Year Built
AVG 1973
1973