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Property Address

3225 IOWA ROAD, Lakeland, FL  33803

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Property Details

Status
Active
Type
Multi-family
Units
6
Year Built
1997
Subdivision
PARKVIEW SUB
Parking
None, Other, Parking Pad
Heating
Central, Wall Units / Window Unit
Cooling
Central Air
Approx Sq. Feet
4,564
Lot Size
309 X 150
Acreage
0.99
Est. Taxes
$4,264
Days on Market
799 days
Pet Policy
Yes
Lease Terms
24 Months
MLS#
L4725102

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Robert Reade

Robert Reade
Insurance NPN# 2283864
Office - 203.925.4588
Cell - 860.690.5052
Fax - 866.603.1192

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$279,000 ($61 per SQ/FT)

Estimated PMT - $971 / Mo.*

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3225 IOWA ROAD, Lakeland, FL, Florida 33803. EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY! Simple management! 6 clean mobile homes, all 1990's models, CENTRAL A/C's, 100% occupied on 1 acre spread over 4 tax parcels in the central part of Lakeland. Each unit's market value is $650.00 monthly. Current gross is $44,520 gross per year. Rent roll available upon request. City water and septic tank. Owner pays for water and tenants pay their own electric on separate meter. Expenses:
Property Tax - $4349
Utilities - $2160 (ave $180 per month for water)
Repairs (estimated) - $4000
Insurance - $3000 (estimated)
City Lights - $540
5% Vacancy Rate - $2226 (units currently 100% occupied)
Addresses for Properties - 2934 Brooks St, 2938 Brooks St, 3225 Iowa Rd, and 3235 Iowa Rd
PLEASE DO NOT DISTURB TENANTS.

 
 

Listing courtesy of Coldwell Banker Realty