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302 Cresap Street, Lakeland, FL 33815

Multi-Family Home For Sale

302 Cresap Street, Lakeland, FL 33815 House For Sale - MLS #L4723746
Sold
$394,000
Multi-Family
5+ Family
6
This listing is courtesy of Craig Morby from Coldwell Banker Residential Re

Property Description for 302 Cresap Street, Lakeland, FL 33815

SOLID RENTAL HOT SPOT IN DIXIELAND (Lakeland) ! Excellent investment opportunity for a 6 unit, fully occupied apartment complex in established and desirable central Lakeland. Walking distance to Lake Hunter, Dixieland shops and restaurant, Florida Southern College, and within a few minutes drive to the Polk Parkway and Interstate 4. 3 studio apartments and 3 1/1 apartments, with block construction and tiled floors. Tenured tenants with leases. Current gross rental income is $40,680 ($3390 per month), $9046 in expenses and an 8% cap rate. Opportunity exists to continue to being rents inline with going rates. No time like the present to start or enhance your portfolio.

Interior Details

Exterior Details

0.27 acres
11,718 sq. ft.
Open Parking

Other Details

L4723746
1960
$3,390
Bb/Hs Internet Avail; City Water; Public Sewer
Kiblers Second Add
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