711 Nashville Rd - Multi-Family FOR SALE


Lakeland, FL 33815- City of Lakeland
$325,000 USD
863-581-0059
711 Nashville Rd, Lakeland, FL for Sale
$325,000 USD
Multi-Family - FOR SALE
1/13
null | Request Cap Rate

711 Nashville Rd
Lakeland, FL 33815
City of Lakeland


HIGHLIGHTS

  • (1) 3/1 single family home and (2) 2/1 mobile homes on Lakeland SW side. Addresses include 711 & 713 Nashville Road.
  • The single family home is completed renovated on the inside, with new appliances. There is also a new roof and HVAC.
  • Each mobile home brings in $1,000 per month. Market rent on the single family home is $1,600 per month.
  • Utility providers - Lakeland Electric for water and electric. 2 septic tanks. New septic added in 2025.

OVERVIEW

PLEASE SEE ATTACHED PROPERTY BROCHURE FOR MORE DETAILS. This multifamily investment opportunity is ideally located on Lakeland’s southwest side. The property includes a newly renovated 3-bedroom, 1-bath single-family home, along with two 2-bedroom, 1-bath mobile homes. The primary residence has been thoughtfully updated with new roof, new A/C, laminate flooring, modern plumbing fixtures, and a full suite of new appliances, offering a turnkey rental opportunity. Both mobile homes are currently occupied, providing immediate income, while the renovated home is rent-ready. Each home has a laundry hook up. Professional property management is already in place, with services available to continue for a seamless transition to new ownership. The property is serviced by two septic systems, with electric and water provided by the City of Lakeland. Conveniently located near Memorial Boulevard and New Tampa Highway, the site offers excellent connectivity to the greater Lakeland area. The single family home is currently vacant, but market rate is estimated at $1,600 per month. It has a new HVAC system, and roof. Current expenses include property tax, insurance, lawn maintenance, and repairs and maintenance, listed below. There is one water meter for all 3 properties, however this can be split, if needed. Leases are available to review as is a survey. The owner has titles for the two mobile homes.

FOR SALE DETAILS

PRICE

$325,000 USD

PRICE/SF

$288 USD /SF

# OF UNITS

3

PRICE/UNIT

$108,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SMALL MULTIFAMILY OPPORTUNITY - LAKELAND, FL

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

RL-4

APN/PARCEL ID

23-28-22-093500-007230,23-28-22-093500-007240

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.