$199,000
Pending · 73 days on market · MLS# MFRTB8446347
| Bedrooms | 5 |
|---|---|
| Bathrooms | 3 |
| Living area | 1,521 sq ft |
| Lot size | 0.15 acres |
| Year built | 1987 |
| Property type | Single Family Residence |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $2,210 |
| County | Polk |
Investor Special – Don’t miss this incredible income-producing property offering instant cash flow from reliable tenants! This spacious 5-bedroom, 3-bathroom home sits on a corner lot and features a converted garage currently serving as an additional bedroom. The original garage door remains in place, giving buyers the flexibility to easily restore it to a garage if desired. The home is tenant-occupied with a lease through November 30, 2026, generating $2,400 per month in rental income and delivering an impressive cap rate above 12%. Located in a stable rental area of Lakeland, this property offers strong returns and long-term potential for any investor’s portfolio. A great opportunity to purchase a turn-key rental with solid tenants and steady revenue from day one!
Listing courtesy of Richard Miller, GOLD REAL ESTATE SOLUTIONS. Presented by MC Homes Realty Inc · 727432218.