$228,000
$213,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
1,216 SqFt
SOLD DATE : 06/30/2020
Key Details
Sold Price $228,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,216 sqft
Price per Sqft $187
Subdivision Kossuthville Townsite Sub
MLS Listing ID L4914801
Sold Date 06/30/20
Construction Status Financing,Inspections
HOA Y/N No
Year Built 1947
Annual Tax Amount $1,963
Lot Size 0.560 Acres
Acres 0.56
Lot Dimensions 163x150
Property Description
VERY UNIQUE RENTAL PROPERTY OPPORTUNITY! Needs some clean up, but an 20% GROSS ROI gives you room to do just that! It was recently rented, but currently vacant. Potential monthly rents: $3,550! 3/2 single family home $1,200, 3 one-bedroom apartments $650 each, RV storage/parking $100, workshop $300. 3 apartments are above very large garage. You could add more revenue to the property by building out more apartments in the garages. 2nd large garage can easily be rented as workshop space. Garage has an old air compressor for air tools. House on separate electric. Apartments on one electric. All on well/septic. So much potential here! Address is Auburndale, but actually outskirts of Lakeland. VERY convenient close to Polk Parkway/I-4.
Location
State FL
County Polk
Community Kossuthville Townsite Sub
Zoning RE-2
Interior
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Fireplace false
Exterior
Exterior Feature Other
Parking Features Workshop in Garage
Garage Spaces 4.0
Utilities Available Electricity Connected
Roof Type Shingle
Attached Garage false
Garage true
Private Pool No
Building
Foundation Slab
Lot Size Range 1/2 Acre to 1 Acre
Sewer Septic Tank
Water Well
Structure Type Block
New Construction false
Construction Status Financing,Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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