315 S Ingraham Ave - Apartments FOR SALE


Lakeland, FL 33801- City of Lakeland
$500,000 USD
813-871-8524
315 S Ingraham Ave, Lakeland, FL for Sale
$500,000 USD
Apartments - FOR SALE
1/11
null | 6.45% Cap Rate

315 S Ingraham Ave
Lakeland, FL 33801
City of Lakeland


HIGHLIGHTS

  • Well-maintained property with tremendous character
  • Immediate upside potential by pushing rents to market rate
  • Ample off-street parking and community common areas

OVERVIEW

The Ingraham is a 5-unit apartment community located in the most exclusive submarket of Lakeland, Florida in Polk County. The property sits on a 0.24-acre parcel only a short walk from lakes, parks, employers, restaurants and academic institutions. The lone building consists of wood frame construction with a pitched shingle roof. The Ingraham consists of 1 studio, and 4 one-bedroom/one-bathroom units averaging 524 square feet and 600 square feet, respectively. This opportunity has excellent historic charm and an irreplaceable location. Residents enjoy the proximity to major roadways, an abundance of jobs and demand drivers giving them easy access to all the great things Lakeland and Central Florida has to offer. Publix has their corporate headquarters in Lakeland, Florida, and many other major companies that have a large presence in “Swan City” include Lakeland Regional Health, GEICO, City of Lakeland, Watson Clinic, FedEx, UPS, Walmart, Southeastern University, Florida Southern College and Amazon. Polk County is one of the top distribution hubs in the country and one of only a handful of markets in the U.S. within 3-hours drive to more than 20 million people which has led to an abundance of new jobs infiltrating the local market. Lakeland has a predicted 12.1% average income growth and 6.1% population growth between 2021-2026.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

5

PRICE/UNIT

$100,000

CAP RATE

6.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ingraham

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

RMF

APN/PARCEL ID

24-28-18-205000-007012

ASK ABOUT THIS PROPERTY

Miles TombrinkColliersMore Info
813-871-8524

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Miles TombrinkColliersMore Info
813-871-8524

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