301 SW 3rd Ter - Apartments FOR SALE


Mulberry, FL 33860
$1,499,999 USD
718-954-2278
301 SW 3rd Ter, Mulberry, FL for Sale
$1,499,999 USD
Apartments - FOR SALE
1/39
null | 8% Cap Rate

301 SW 3rd Ter
Mulberry, FL 33860


HIGHLIGHTS

  • All interiors renovated.
  • Easy to lease

OVERVIEW

MAJOR PRICE REDUCTION!! Income producing multi family property! 12 units total over 6 duplexes generating upwards of 120k annually gross income with potential for over 140k annually. All units have had the interiors updated in the past few years aside from one. Tenants pay all utilities! There are very little fixed expenses. All units have their own HVAC and Washer and Dryer hookups. Many improvements made to the property over the last few years both interior and exterior. Units lease really quickly when vacant. Property is in great location in the heart of Mulberry and just south of Lakeland. Just off route 60 making it easy access to anywhere you need to get to. This property is ready to cash flow for years to come. Sale includes an additional vacant parcel right behind existing structures that can be built on adding additional income. Units 406 A-B, 408 A-B, 410 A-B. All on SW 2nd Street. Units 301, 303, 307, 309, 310, 312. All on SW 3rd Terrace.

FOR SALE DETAILS

PRICE

$1,499,999 USD

PRICE/SF

$150 USD /SF

# OF UNITS

12

PRICE/UNIT

$125,000

CAP RATE

8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

R1

APN/PARCEL ID

23-30-11-156000-009051

ASK ABOUT THIS PROPERTY

Mendel FriedmanDivine Realty and AssociatesMore Info
718-954-2278

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Mendel FriedmanDivine Realty and AssociatesMore Info
718-954-2278

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