Turnkey Multifamily Cash Flow! (8 units) with $50k Per Year Net in Lakeland, Florida For Sale
Date/Time:01 Sep, 01:03 a.m. EST
Type: House, For Sale - Private.
302 W. Magnolia Street, Lakeland, FL xxxx5 13% CAP RATE! (NET ROI) Wholesale Price $329,900 Text xxxx89 to(407) 278-xxxx (TEXT # ONLY!)for more info 8 Units:(2) Efficiencies(2) 2 Bed/1 Bath(2) 3 Bed/1 Bath(1) 4 Bed/1-1/2 Bath(1) 4 Bed/1 BathAttention Investors Looking for Cash Flow! This turnkey investment property currently has an unbelievable 13% Cap Rate! Check out this 8 unit apartment building in the heart of beautiful downtown Lakeland, Florida! Walking distance to local elementary school. All units have been recently renovated to include ceramic tile in kitchen areas, freshly painted throughout, newer plumbing, electric, mechanical and HVAC systems have been updated. (All renovations were permitted.) Each unit is individually metered for electric. Interior features include 9′ ceilings in most units. This property consists of 2 efficiency apartments, (2) 2 bed/1 bath units; (2) 3 bed/1 bath; (1) 4 bed, 1-1/2 bath and (1) 4 bed, 1 bath. All units are currently occupied with tenants who have 12 month lease agreements. Once final unit is rented, cap rate will increase to 15%+! Don’t miss out on this fantastic opportunity. YOUR PRICE, ONLY 329.9K!-Cash or hard money only-Buyer pays all closing costs-Call/text 407-443-xxxx or email for more info-Visit www.franklinrun.com for additional properties
Provided by Broker: Platinum Property Realty, LLC
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vFlyer ID: xxxxxxxx0