Nice brick duplex on large lot within city limits of Lakeland. Each unit is a 3BR/1BA currently rented for $450/month. Garage and utility rooms for both sides. Roof is relatively new (3 years), modern appliances, carpet and tile throughout. Value add opportunity here to raise rents significantly as market rents for similar rentals are $550. $10,800 monthly gross with 35% operating expenses make this a 7.02% cap rate at list price. At $550/rents proforma cap rate is 8.59%.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
