$594,900
Active · 95 days on market · MLS# MFRO6333266
| Bedrooms | 9 |
|---|---|
| Living area | 4,059 sq ft |
| Lot size | 1.29 acres |
| Year built | 1956 |
| Property type | Triplex |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $6,032 |
| County | Polk |
PRICE DROP!. Please see the attached Property Brochure for rent roll and expense info. $69,000 in annual income. 9.16% cap rate. Solid opportunity to start or expand your multifamily portfolio with this 4 unit income generating property in Bartow FL. The property consists of two structures - a single family 3 bedroom / 2 bathroom home and a triplex with various bedroom and bathroom configurations. This is a clean and well run property with strong rents and deposits that sits on a charming 1.29 acres with plenty of parking and common area outdoor space. Each structure is block construction with metal roofs. There are separate electric meters for all of the units, with the single family home tenant also paying for water. The triplex water is paid for by the Landlord. The property is located about 10 minutes from the Van Fleet Trail and SR 60 intersection in Bartow. 10 minutes to downtown Bartow, 20 minutes from Lake Wales and 25 minutes from downtown Lakeland. This property offers a blend of space, stability and convenience - ideal for investors looking to grow in the Central Florida market. OWNER HAS ANOTHER 9 UNIT PARK AVAILABLE IN LAKE WALES WITH UPSIDE. Currently producing $125,000 +/- in gross income.
Listing courtesy of Craig Morby, SAUNDERS REAL ESTATE, LLC. Presented by MC Homes Realty Inc · 727432218.