100 NE 10th Ter - Apartments FOR SALE


Mulberry, FL 33860
$795,000 USD
863-581-0059
100 NE 10th Ter, Mulberry, FL for Sale
$795,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

100 NE 10th Ter
Mulberry, FL 33860


HIGHLIGHTS

  • 5 duplex style structures on almost an acre of land with 10 units. Tremendous upside - current under market rents can be raised.
  • All units are 2/1 traditional apartment and several of the units have been rehabbed. Great income opportunity, with proforma numbers near $150K.
  • 4 completely renovated units, 3 legacy tenants, and 3 units needing complete rehab. See brochure for details.
  • Utility Providers - TECO for electric, water and sewer provided by the City of Mulberry. Tenants pay their own electric, Landlord pays water /sewer
  • Each structure has space for tenant parking. Central fenced trash receptacle on site, and there is a central mailbox area for the tenants.

OVERVIEW

PLEASE SEE ATTACHED PROPERTY BROCHURE FOR DETAILS. The property consists of five duplex buildings totaling 10 residential units, with each unit featuring a traditional 2-bedroom, 1-bathroom floor plan. The current unit mix includes? 4 fully renovated units, all occupied?, 3 occupied legacy unit?s and 3 vacant units requiring renovation?. The current vacancies are the result of a recent management transition and deferred maintenance, creating an outstanding opportunity for a new owner to renovate, lease the remaining units, and significantly increase rental income and overall property value. The property is being offered as-is for the convenience of the Trustee. The asking price reflects the renovations needed, providing investors with an attractive entry point and substantial upside potential through thoughtful improvements. Additional property features include? dedicated parking areas serving each duplex buildi?ng, a centralized mailbox system?, all buildings recently pressure washed? and professionally managed. The property enjoys excellent access via N. Church Avenue (SR 37), one of the area's primary north-south corridors connecting Mulberry and Lakeland. It is also just minutes from State Road 60, providing convenient east-west access across Central Florida and excellent connectivity to major employment centers, retail, and surrounding communities. Whether you're looking to expand an existing portfolio or acquire a repositioning opportunity with significant rental upside, this property offers an attractive combination of location, value, and long-term income potential.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$398 USD /SF

# OF UNITS

10

PRICE/UNIT

$79,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Income Today, Growth Tomorrow!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

RL-4

APN/PARCEL ID

23-30-01-143400-000060

ASK ABOUT THIS PROPERTY

Craig MorbySaunders Real EstateMore Info
863-581-0059

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Craig MorbySaunders Real EstateMore Info
863-581-0059

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.