2401 Idlewild St Lakeland, FL 33801

Incredible Turnkey Opportunity of 20 Units on 9 separate parcels - 100% occupied with a gross rent of $18,575/month or $222,900/year. Each unit is 906 sq ft with 2 bedrooms, 1 or 1.5 baths, full laundry closet hook ups, concrete block construction, new roofs on all buildings in 2021, most central AC units are newer, new double pane energy efficient windows and also new sliding doors to patios. The layouts are very spacious and most units have no carpet and have been upgraded. Trash is included in the low water bills (about $23/unit), tenant pays their own electric. Not in Flood Zone. Each building has its on Septic system, with 3 of the systems recently replaced. Each unit rents quickly when they come available with multiple applications to choose from, high demand in the area and close to major highways and lots of job options, Lake Parker is nearby for enjoyment with a public park with a boat ramp and pavilions. Lots of job options and things to do with a great central FL location in a good area. Turn Key rental operation with professional management, current leases and formal rent roll activity with substantial deposits and some last month rents collected in advance. Financial information available on request. All of the hard work has been done and background and credit has been pulled on tenants placed since 2019, some tenants have lived in their units for well over 5 years. This is a great turn key rental operation that does not need repairs to keep the cash flow. Call for more information! Drive-bys are welcome but please do not disturb tenants. Financing is an option with this complex.