STRAWBERRY LANE
Multifamily | 3 Units | $99,667/unit
Marketing description
Presenting a rare multifamily investment opportunity in the heart of Lakeland, FL. This single-parcel portfolio features three distinct residential units on a spacious 0.51-acre lot, offering an immediate $3,000 monthly gross income ($36,000/year).
All three units have been renovated since 2020, providing a turnkey start for a "hold" investor or a solid foundation for a "fix and flip" specialist looking to capitalize on Lakeland’s rising property values. The property is zoned for Multiple MH Residences (DOR 0802) and features a strategic utility setup with separate Lakeland Electric meters for each unit, septic systems and a shared water meter paid by the owner.
Financing & Terms: The seller is highly motivated to work with serious investors and is offering Seller Financing for full-price offers ($30,000 down), $269,000 1st mortgage at 11%, 30-year amortization with a 5-year balloon. As an experienced mortgage broker, the listing agent can also assist with DSCR investor loans for purchase or future refinance.
Investment highlights
- Diversified 3-Unit Portfolio: Includes one Single Family Apartment and two Manufactured Homes on a single parcel.
- Strong Immediate Cash Flow: Fully occupied with a gross monthly rent of $3,000.
- Recent Renovations: All units updated after 2020, reducing immediate CAPEX needs.
- Flexible Financing: Seller financing available with only $30,000 down (see terms in description).
- Investor-Friendly Utilities: Units are separately metered for electric (Lakeland Electric) and serviced by septic.
- Large Lot Value: Situated on a 0.51-acre lot with potential for future rent increases and value appreciation.
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