3200 Crystal Hills Loop S
LAKELAND, FL 33801

Description

Here is a rare opportunity to buy 6 duplexes/12 units. All units are 3 bedroom/2 baths with tons of upside potential. Fully occupied. Several units are currently rented for below market rent. Units are well maintained with excellent rental history. Current monthly income $9475. Annual gross income of $113,700. Current monthly rents 2-$750, 5-$775, 2-$800, 2-$825 & 1-$850. With current rents this is an excellent investment opportunity with a 9% ROI. With increased rents to current market potential ROI of 11-12%. Seller will sell individual buildings for $159,900/building.

Details

MLS#L4907598
Sub-TypeResale
StatusActive
Year1985
Days On Site72

Features

SQ Feet2,076
Units12
Building(s)6

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Area Information

StateFL
CountyPolk
CityLAKELAND
Zip Code33801
Area33801 - Lakeland
Listing VS Median (in 33801)
Price:
$949,900
low | high
Med:
$139,950
100% of Average
SqFt:
2,076
low | high
Med:
1,207
91.883429672447% of Average
$ / SqFt:
$458
low | high
Med:
$116
100% of Average
On Site:
72
low | high
Med:
49
100% of Average
Listing Updated: 06/25/2019
MLS Number: L4907598
Listing Provided By:
Mike Walker  of  KELLER WILLIAMS REALTY

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