$420,000
$435,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
3 Baths
2,100 SqFt
SOLD DATE : 07/15/2022
Key Details
Sold Price $420,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,100 sqft
Price per Sqft $200
Subdivision Wrights H A Add 01
MLS Listing ID O6028621
Sold Date 07/15/22
Bedrooms 4
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1951
Annual Tax Amount $2,315
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 100x135
Property Description
Beautifully renovated triplex located in the heart of the Lakeland Historic District, steps from Lake Morton. This turnkey property currently operates at a 6% cap rate (total monthly rent of $3,120), with the ability to increase rents by at least 10% on two of three units as one tenant is month to month and other up for renewal at end of July. All units include new A/C units, stainless steel appliances. kitchen cabinets, luxury vinyl blank flooring, modern fixtures, washer/dryer in unit and more. Two of the three units include quartz countertops. Tenants are responsible for all utilities. Do not visit property or contact tenants. Agent maintains an interest in the ownership entity.
Location
State FL
County Polk
Community Wrights H A Add 01
Zoning MF-12
Interior
Interior Features Other
Heating Central
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Other
Utilities Available Other
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Crawlspace
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Other
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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Bought with COLDWELL BANKER REALTY
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