Cash Cow Triplex in Lakeland Texas Ave. Lakeland, FL. 33815
Property Detail
Property Description
Great rental opportunity in the heart of Lakeland. This unique property features a 4/2 single family home with a 2/1+2/1 duplex in the rear. Situated on a 0.34 acre corner lot, this property can be a cash-cow for years to come. The single family home boasts close to 1300ft and the duplex totals 1700ft. It’s a great investment either way you look at it.
The SFH (4/2) and one side of the duplex is vacant. The other 2/1 is on month to month for $600 with a $300 Sec deposit and tenant pays utilities.
These are pretty much turn key and rent ready. The roofs are newer and in excellent condition. HVAC units also look good. Kitchens and baths are in good rental condition and appliances are included in the duplex but will need appliances in the SFH. The tile floor of the bathroom in the occupied unit should be repaired but tenant is not complaining.
***Buyer agrees to assume current occupants. Tenant and estoppel will be provided before closing***
Comps:
315 EMMA ST, LAKELAND, FL 33815 – 3 units/Triplex/2476ft – Sold 163.5k – Frame and very run down.
601 N LAKE AVE, LAKELAND, FL 33801 – Duplex 2/1’s – Sold 115k Cash
603 N LAKE AVE, LAKELAND, FL 33801 – Duplex 2/1’s – Sold 115k Cash
