John Gallaghar Realty & Law, LLC
Listed by John Gallaghar Realty & Law, LLC
$335,000
SOCRUM
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 4,792
Units 4
NOI $54,000
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Price per SqFt $70
Class B
Year Built 1972-1995
Year Renovated 2020, 2022
Buildings 6
Stories 1
Investment Type Net Lease
Ownership LAND TRUST
Multifamily | 4 Units | $83,750/unit
Marketing description
Seeking a high-potential addition to your real estate portfolio? This four-parcel multifamily assembly in Lakeland offers immediate cash flow with significant value-add potential. Located along N. Socrum Loop Rd, these properties have been remodeled internally since 2020 and sit in a prime growth corridor.
Portfolio Highlights
This unique collection of single-family and manufactured housing provides a diversified income stream:
- PARCEL 1: A 1,200 sq. ft. block home featuring a massive 2,100 sq. ft. garage/storage facility and a covered RV area.
- PARCELS 2 / 3 / 4: Three spacious manufactured homes (ranging from 960 to 1,344 sq. ft.) with strong rental histories.
- Untapped Revenue: Current gross monthly rent is $5,650, but with current rates trailing market value, there is immediate room for $100+ increases per unit. Additionally, the expansive storage garages present a "hidden" income stream, with a projected rental value of $200 per month each.
Investment highlights
This unique collection of single-family and manufactured housing provides a diversified income stream:
- PARCEL 1: A 1,200 sq. ft. block home featuring a massive 2,100 sq. ft. garage/storage facility and a covered RV area.
- PARCELS 2 / 3 / 4: Three spacious manufactured homes (ranging from 960 to 1,344 sq. ft.) with strong rental histories.
- Untapped Revenue: Current gross monthly rent is $5,650, but with current rates trailing market value, there is immediate room for $100+ increases per unit. Additionally, the expansive storage garages present a "hidden" income stream, with a projected rental value of $200 per month each.
Seller Financing: 10% down and balance amortized over 30 years with a 5-year balloon note.
Listing Contacts
John Gallaghar Realty & Law, LLC
Listed by John Gallaghar Realty & Law, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$54,000.00
$4,500.00/mo
Valuation Metrics
0
DSCR
16.12%
Cap Rate
16.12%
ROI
Map
Zoning
RS ResidentialSingle FamilyResidential Suburban
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View all 141 uses
View all 141 uses Last updated May 20, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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