3947 State Road 60 E - Apartments FOR SALE


Bartow, FL 33830
$625,000 USD
863-581-0059
3947 State Road 60 E, Bartow, FL for Sale
$625,000 USD
Apartments - FOR SALE
1/26
null | 8.72% Cap Rate

3947 State Road 60 E
Bartow, FL 33830


HIGHLIGHTS

  • Bartow multifamily property with 2 structures on 1.29 acres. Well run, clean, owner managed. Total of 9 bedrooms, 4 full baths, and 2 half baths.
  • Structure 1 is a single family home with tenant at $1,899. 3 bed, 2 bath. Structure 2 is a triplex with 2,400 SF. Various bed/bath configurations.
  • Single family home - Tenant pays for water and electric. 3 units of triplex have separate HVAC units. Owner pays water, and tenants pay electric.
  • Great opportunity for house hacking! Live in the house and manage the triplex, while paying the mortgage.
  • 2 septic tanks with drain field and dry well. Triplex septic pumped 2nd quarter 2025. Sep. electric meters for all units. A/C ages 2002-2007
  • City of Bartow provides water and electric to the property. Roofs replaced in 2019. Survey and leases available.

OVERVIEW

PLEASE SEE ATTACHED BROCHURE FOR RENT ROLL, EXPENSES AND OTHER DETAILS. Solid opportunity to start or expand your multifamily portfolio with this 4 unit income generating property in Bartow FL. The property consists of two structures - a single family 3 bedroom / 2 bathroom home and a triplex with various bedroom and bathroom configurations. $5,754 in monthly income, $69,048 yearly. This is a clean and well run property with strong rents and deposits that sits on a charming 1.29 acres with plenty of parking and common area outdoor space. Each structure is block construction with metal roofs. There are separate electric meters for all of the units, with the single family home tenant also paying for water. The triplex water is paid for by the Landlord. The property is located about 10 minutes from the Van Fleet Trail and SR 60 intersection in Bartow. 10 minutes to downtown Bartow, 20 minutes from Lake Wales and 25 minutes from downtown Lakeland. This property offers a blend of space, stability and convenience - ideal for investors looking to grow in the Central Florida market. OWNER HAS ANOTHER 9 UNIT PARK AVAILABLE IN LAKE WALES WITH UPSIDE. Currently producing $125,000 +/- in gross income.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$154 USD /SF

# OF UNITS

4

PRICE/UNIT

$156,250

CAP RATE

8.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bartow Multifamily - 2 Bldgs, 4 Tenants

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

RCC

APN/PARCEL ID

25-30-02-000000-013090

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.