$840,000
$895,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
7,085 SqFt
SOLD DATE : 07/12/2022
Key Details
Sold Price $840,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,085 sqft
Price per Sqft $118
Subdivision Armstrongs Sub
MLS Listing ID O6006159
Sold Date 07/12/22
Construction Status Other Contract Contingencies
HOA Y/N No
Originating Board Stellar MLS
Year Built 1971
Annual Tax Amount $5,404
Lot Size 2.490 Acres
Acres 2.49
Lot Dimensions 350x310
Property Description
MULTI- FAMILY INVESTOR'S DREAM: MF-12 property with 6 keys on 1.99 acres plus adjacent 0.5 acre MF-12 vacant lot 232 Antilla St (70'x310') is included which is zoned to hold up to 6 more rentals. ALL of which are adjacent to two C-2 religious institution properties. All units are separately metered city electric and water / waste.
330 Antilla - main house is a split plan 4 bedroom, includes very well appointed kitchen with gorgeous fixtures, cabinets & granite countertops, and 3 very well appointed bathrooms! SFH 2,533 sf (heated) with oversized 2 car garage. Also has individual CEILING A/C units to provide on demand zone A/C control (separate from included traditional central A/C set-up). 314 Antilla Sq is a LARGE 2 bedroom / 2 bath, 1,348 sf (heated) SFH with very well appointed Kitchen and bathrooms. Both have inside laundry rooms and No Carpet! Expected market rate for main house is $1700 - $2200 per month and $1250 to $1500 for 314 SFH.
First duplex has units A & B. #A is a 1 bedroom / 1 bath and #B is a 2 bedroom / 2 bath and no carpets in either. Market rent is at $950 and $1100 respectively. Extra storage available at reasonable add on rate.
Second duplex has units C & D. C is a 1/1 and D is a 2/1.5 bed/bath with a large bonus room. Both have zero carpeting and market rents at $950 and $1,175 respectively. Minutes from I-4, US 98, US 92, hospital, Lakeland Mall and Lake Mirror area. Each duplex unit has carport. Additional parking available on property including a nearly 1/2 garage behind main house.
Estate issue has created some deferred maintenance. Details available and POF required prior to scheduling any tour of the properties.
Current zoning would permit potentially up to 30 units if properly laid out. Think about 7.5% CAP rate for income on 24 - 30 units..... Amazing Income Potential!
Location
State FL
County Polk
Community Armstrongs Sub
Zoning MF-12
Rooms
Other Rooms Bonus Room, Family Room, Inside Utility
Interior
Interior Features Ceiling Fans(s), Crown Molding, Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Open Floorplan, Skylight(s), Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s)
Heating Central, Electric
Cooling Central Air, Other
Flooring Ceramic Tile, Hardwood, Laminate, Tile
Furnishings Unfurnished
Fireplace false
Appliance Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer
Laundry Inside
Exterior
Exterior Feature Fence, Lighting
Parking Features Assigned, Covered, Garage Faces Side, Off Street
Garage Spaces 2.0
Community Features None
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Street Lights, Water - Multiple Meters
Amenities Available Storage
Roof Type Shingle
Porch Covered, Enclosed, Front Porch, Patio, Rear Porch, Screened, Side Porch
Attached Garage true
Garage true
Private Pool No
Building
Lot Description City Limits, Level, Near Public Transit, Unpaved
Entry Level One
Foundation Slab
Lot Size Range 2 to less than 5
Sewer Public Sewer
Water Public
Structure Type Block, Concrete, Stone, Stucco
New Construction false
Construction Status Other Contract Contingencies
Schools
Elementary Schools North Lakeland Elem
Middle Schools Sleepy Hill Middle
Others
Pets Allowed Breed Restrictions
Senior Community No
Pet Size Small (16-35 Lbs.)
Ownership Fee Simple
Acceptable Financing Cash, Other, Special Funding
Listing Terms Cash, Other, Special Funding
Special Listing Condition None
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