$1,350,000
$1,699,000
20.5%For more information regarding the value of a property, please contact us for a free consultation.
5430 LEWELLYN RD Lakeland, FL 33810
12,200 SqFt
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 12,200 sqft
Price per Sqft $110
MLS Listing ID O6059953
Sold Date 11/22/22
Construction Status Financing,Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1983
Annual Tax Amount $10,800
Lot Size 2.930 Acres
Acres 2.93
Lot Dimensions 276x200
Property Description
13 Unit Triplex & Duplex Portfolio Investment!! First time ever offered to the market. Lakeland is a growing market with an influx in population with housing being more in demand than ever. Local demand for housing is being spurred on by expanding distribution and shipping industry surrounding Lakeland.
The property consists of three tax parcels which are improved with three triplexes and two duplexes to total thirteen residential units. The five multi unit buildings are constructed on 2.93 gross acres that is accessible from the main frontage road and a dead-end cul-de-sac on the rear of the property. The configuration of the existing buildings offers value-add opportunity with the ability to construct additional buildings on vacant or underutilized portions of the property to generate more rental revenue and further increase the return on the initial investment.
Location
State FL
County Polk
Zoning R-3
Interior
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Ceramic Tile, Concrete, Laminate
Appliance Dishwasher, Dryer
Exterior
Utilities Available BB/HS Internet Capable, Private, Water Nearby
Waterfront false
Building
Story 1
Foundation Slab
Lot Size Range 2 to less than 5
Sewer Septic Tank
Water Well
Structure Type Block, Stucco
New Construction false
Construction Status Financing,Inspections
Others
Ownership Sole Proprietor
Acceptable Financing Cash, Conventional, Private Financing Available
Listing Terms Cash, Conventional, Private Financing Available
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with CORE GROUP REAL ESTATE LLC
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