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1706 W PARKER ST Lakeland, FL 33815
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Key Details
Sold Price $285,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lakeside Hills
MLS Listing ID N6103565
Sold Date 03/18/19
Construction Status Inspections
HOA Y/N No
Year Built 1969
Annual Tax Amount $3,800
Lot Size 0.900 Acres
Acres 0.9
Property Description
Crescent Way Mobile Home Park is fully licensed 8 site [Lot Rent] Mobile Home Park.
This is a True mail box money park, All homes are resident owned [LONG TERM].
Gross Rent collection is $34,740.00 per year, Operating expenses are $7,417.00, Making a Net Operating Income of $27,323.00.
At our sale price $320,000.00 that make for an 8.54% CAP rate.
Land lord pays central water and street lighting, Residents pay by separate meters their own electric to Lakeland Electric co.,
Septic systems are Fully permitted and updated July and Dec 2016
Quiet area close to major employment centers, Bustling Lake land Fl. just off I-4 and St Route 92
BetweenTamps and Orlando/Kissimmee growth corridor!!!
information above is deemed reliable but not guaranteed. Parties are parties are advised to verify.
Location
State FL
County Polk
Community Lakeside Hills
Interior
Heating None
Cooling None
Fireplace false
Exterior
Exterior Feature Other
Utilities Available Electricity Connected
Waterfront false
Garage false
Private Pool No
Building
Lot Size Range 1/2 Acre to 1 Acre
Sewer Septic Tank
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 SUNACRE CORP
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