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3225 Iowa Road, Lakeland, FL 33803

Multi-Family Home For Sale

3225 Iowa Road, Lakeland, FL 33803 House For Sale - MLS #L4725102
$279,000
Multi-Family
5+ Family
6
This listing is courtesy of Craig Morby from Coldwell Banker Residential Re

Property Description for 3225 Iowa Road, Lakeland, FL 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.

Interior Details

Exterior Details

0.99 acres
43,124 sq. ft.
1 Car Carport; Parking Pad

Other Details

L4725102
1997
Yes
$3,710
Cable Available; Cable Connected; City Water; Septic
Parkview Sub
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