Lakeland Rental with Equity Sold

  • $109,000
  • 4 beds
  • 1.5 baths
  • 1,588 sqft
Sold

Here is a great opportunity to add a concrete block rental to your portfolio. This single family home has 4 bedrooms and 1.5 bathrooms with over 1,500 square feet. The property is located in a well-established neighborhood and is close to Downtown Lakeland, Polk Parkway, and I-4. This turn-key home currently has a long term, month to month tenant, paying $1,100 per month. The market rent should be closer to $1,300 and can be increased upon the tenant signing a new lease. The home has been well maintained and has newer laminate wood floors throughout. This is an easy rental to add to your cash flow portfolio.

Comps:

1610 HUMMINGBIRD LN, LAKELAND, FL 33801
$155,000
4 bed / 2 bath 1,730 sq ft
2420 CYPRESS LN, LAKELAND, FL 33801
$147,900
3 bed / 2 bath 1,424 sq ft
Price:
$109,000
Address:
Royal Oak Manor, Optimist Drive
Lakeland, Florida 33801
Square Feet:
1,588
Bedrooms:
4
Bathrooms:
1.5
Terms:
For Sale
Property Type:
Home
Year Built:
1959

Call 321-766-9338 for more details

Property Location