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Archived almost 4 years ago

$248,900

rooms 4+ ba 2144 sqft

2020 Conrad St, Lakeland, FL 33801

Multiple Occupied

Current Rent **

$2,480

Projected Rent **

$2,480

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

3 TURNKEY MOBILE HOMES WITH LAKE VIEWS

Purchase Price: $248,900
Gross Income: $29,760
Gross Return: 12%
6 Bedrooms
4 Bathrooms

Built: 1970, 1985, 1991
Lot Size: 0.33 Acres
SQFT: 2144
PPSF: $116
Tax/Yr: $1,471
HOA: N/A

This is the perfect start or addition to any investor's portfolio. This property features 3 mobiles homes on a 0.33 acre lot with lake views. All mobile homes are currently rented, tenants are seasoned and the home have been well taken care. There are two 2 bed 1 bath mobile homes currently rented for $850 and $880, which is right at market rent. Then there is a 2 bed 2 bath mobile home currently rented for $750/month. The market rent for this unit is $950/month, giving you the option to increase rents once the lease ends. All units share one water meter, but tenants pay own electricity. Conveniently located near Downtown Lakeland within walking distance to Southeastern University.

For comps and appointments/more info, please contact:
Liana Rodriguez - Real Estate Investment Advisor
Dynasty Investment Realty
Call/Text: (863) 307-2794
[email protected]

Location:

2020 Conrad St, Lakeland, FL 33801

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.