Address: E. Peachtree Street, Lakeland, FL 33801Unit #1 is a 2 BR and rents for $850.00 per month, including utilities.Unit #2 is a 1 BR and rents for $775.00 per month, including utilities.Unit #3 is a 1 BR and rents for $775.00 per month, including utilities.Unit #4 is a small 1 BR, (has no LR) and rents for $625/mo, including utilities.2169 SFYear Built: 1926Wood FrameNo HOAARV: $236.9k (based on 10% cap rate)This property has been totally renovated recently and is on a double corner lot, on a quiet street in a nice area. The property was completely renovated with new roof, tile floors throughout, all new appliances, built-in dishwasher, laundry area with new washer and dryer, and new concrete parking areas. There are 8 New Zone AC/Heating units.It is a 4 unit building. All 4 units are on the same electric meter and water meter, and billing includes electricity, water, sewer, trash service, recycling, and storm drain charges.The new owner can add 3 more meters if you wish to do so.Total rent income per year, 100% full, is $36,300. (That s 21% Gross ROI!)It is 100% occupied today.Expenses:The past 12 months utility bills total $5,280.Insurance per year is $2,964.Taxes per year are $767.Repairs and maintenance. (less than) $600.Property management is $3,000. per year.Total operating expenses for year are $12,611 Net income on property is $23,689/ $169,900 = 13.9% CAP RATE!Fair Market price could be figured at $236,900 (would give a 10% R O IYOUR PRICE Only $169.9K-Cash or hard money only-Buyer pays all closing costs-Call/text 321-287-6103 or email for details
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