Cash Cow Triplex in Lakeland!! Texas Ave. Lakeland, FL. 33815 For Sale

  • $169,000
  • 8 beds
  • 4 baths
  • 3004 sqft

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***

  • Rent/mo:  $2200 – $2400
  • Rehab:  $3000 – $5000
  • Taxes/yr:  $1591.23
  • Subdivision:  Bowyers
  • Year Built:  1970, 1920

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
Price:
$169,000
Address:
Texas Avenue
Lakeland, Florida 33815
Square Feet:
3004
Lot Size:
0.3357 Acres
Bedrooms:
8
Bathrooms:
4
Terms:
For Sale
Property Type:
Duplex
Year Built:
1920
Const. Type:
Frame

Call 321-766-9338 for more details

Property Location