Investor opportunity in downtown Plant City! This 5-unit residential rental property produces a gross annual income of $52,800 with long-term tenants and under-market rents offering strong upside potential. The property sits on a ¼-acre corner lot and features 3,045 sq. ft. of living area with a mixture of unit sizes, each with its own private entrance.All units are equipped with AC wall units and natural gas stoves, keeping utilities low. Additional highlights include a large garage/storage area, low property taxes, and a convenient location just minutes from I-4 and close to shopping and restaurants. The property is not located in a flood zone.Cap rate approximately 8%. Interior photos available upon request.Please do not disturb tenants.
Complex:
PLANT CITY REV MAP
Heating:
Natural Gas, Wall Units / Window Unit
Cooling:
Wall/Window Unit(s)
Utilities
BB/HS Internet Capable, Water Connected
Lot Description:
Fire Hydrant, City Lot, Street Lights
Plant City, FL, 33563
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
