Listing by: Craig Morby, SAUNDERS REAL ESTATE, LLC, 863-581-0059
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0 Beds
n/a Full bath
5,764 SqFt
Active
PLEASE SEE ATTACHED PROPERTY BROCHURE FOR ALL DETAILS! This sale encompasses two addresses, in two different parts of town. On the northside of Lakeland are 7 mobile homes located at US 98 North and West Socrum Loop Road. The second location is at 711 Nashville Road at Old Tampa Hwy and Memorial Blvd. This location has two homes. The current owner purchased the two assets and has been renovating the units. There is a tremendous amount of upside with this asset, as 4 units are vacant, and the remainder under market. The vacant units are ready to rent and market rates are strong currently. The proforma scenario represents a 13.61 cap rate with conservative Pro-forma rent expectation at $116,900.
Property Details | ||
|---|---|---|
| Price | $675,000 | |
| Lot Size | \ | |
| Lot Size Area | 1.65 | |
| Lot Size Area Units | Acres | |
| Acres | 1.65 | |
| Property Type | Commercial | |
| MLS Sub type | Multi Family | |
| Year Built | 1980 | |
| Roof | Metal | |
| Foundation | Crawlspace | |
Geographic Data | ||
| Directions | 1025 W Socrum Loop - US 98 North just north of Wilder Road on the east side. 711 Nashville Rd- Wabash to Old Tampa Hwy to address. | |
| County | Polk | |
| Latitude | 28.154303 | |
| Longitude | -81.972447 | |
| Market Area | 33809 - Lakeland / Polk City | |
Address Information | ||
| Address | 1025 W SOCRUM LOOP ROAD, LAKELAND, FL 33809 | |
| Postal Code | 33809 | |
| City | LAKELAND | |
| State | FL | |
| Country | United States | |
Listing Information | ||
| Listing Office | SAUNDERS REAL ESTATE, LLC | |
| Listing Office Phone | 863-648-1528 | |
| Listing Agent | Craig Morby | |
| Listing Agent Phone | 863-581-0059 | |
| Special listing conditions | None | |
| Ownership | Corporation | |
| Terms | Cash, Conventional | |
| Virtual Tour URL | https://www.propertypanorama.com/instaview/stellar/O6297700 | |
MLS® Information | ||
| Days on market | 0 | |
| MLS® Status | Active | |
| Listing Date | Apr 8, 2025 | |
| Listing Last Modified | Apr 8, 2025 | |
| Tax ID | 232712000000033120 | |
| Tax Year | 2024 | |
| Tax Annual Amount | 6828 | |
| MLS® Area | 33809 - Lakeland / Polk City | |
| MLS® # | O6297700 | |
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This information is believed to be accurate, but without any warranty.