Lakeland Triplex under 90k N New York Ave. Lakeland, FL. 33815
This is an off-market Lakeland triplex for under 90k! The property consists of three 1 bed 1 bath units. Each of them are on separate meters and parking has enough space for 1 private spot per tenant.. The lot is properly zoned for multi-family use.
You will need to do a full rehab before you can start cash-flowing. Renovations will include paint, floors, kitchens, baths, siding etc… You will also need to do some roof work and fix the AC situation or install window units.
After the rehab this will be a cash-flow beast! The property was previously rented for $1,600/month ($500, $500 and $600). However, with rental rates currently skyrocketing you should be able to rent this out for at least $1900/month ($600, $600 and $700). Don’t miss out on this massive cash-flow opportunity!