$594,900
$90K PRICE DROP

3947 State Road 60 E Bartow, FL 33830

Estimated payment $3,644/month

Total Views 4,996
9 Beds
7 Baths
4,059 Sq Ft
$147 Price per Sq Ft

Highlights

  • 1.29 Acre Lot
  • No HOA
  • Central Heating and Cooling System
  • Kruse Elementary School Rated A-

About This Home

PRICE DROP!. Please see the attached Property Brochure for rent roll and expense info. $69,000 in annual income. 9.16% cap rate. Solid opportunity to start or expand your multifamily portfolio with this 4 unit income generating property in Bartow FL. The property consists of two structures - a single family 3 bedroom / 2 bathroom home and a triplex with various bedroom and bathroom configurations. This is a clean and well run property with strong rents and deposits that sits on a charming 1.29 acres with plenty of parking and common area outdoor space. Each structure is block construction with metal roofs. There are separate electric meters for all of the units, with the single family home tenant also paying for water. The triplex water is paid for by the Landlord. The property is located about 10 minutes from the Van Fleet Trail and SR 60 intersection in Bartow. 10 minutes to downtown Bartow, 20 minutes from Lake Wales and 25 minutes from downtown Lakeland. This property offers a blend of space, stability and convenience - ideal for investors looking to grow in the Central Florida market. OWNER HAS ANOTHER 9 UNIT PARK AVAILABLE IN LAKE WALES WITH UPSIDE. Currently producing $125,000 +/- in gross income.

Listing Agent

Craig Morby

SAUNDERS REAL ESTATE, LLC Brokerage Phone: 863-648-1528 License #3152384 Listed on: 08/05/2025

SAUNDERS REAL ESTATE, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,032

Year Built

  • Built in 1956

Lot Details

  • 1.29 Acre Lot
  • Lot Dimensions are 142x142
  • The property's road front is unimproved

Parking

  • Common or Shared Parking

Home Design

  • 4,059 Sq Ft Home
  • Triplex
  • Slab Foundation
  • Metal Roof
  • Block Exterior

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry in unit

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Acreage Subdivision

Building Details

  • Operating Expense $14,572
  • Gross Income $69,888

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,032

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Triplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 4059
  • Lot Size Acres: 1.29
  • New Construction: No
  • Year Built: 1956
  • Lot Size Sq Ft: 56214
  • Number Of Lots: 1
  • Tenant Pays: Electricity
  • Status: Active
  • Street Post Direction: E
  • Ownership: Fee Simple
  • Escrow City: Lakeland
  • Escrow State: FL
  • Escrow Street Name: Lake Morton Drive
  • RATIO Current Price By Calculate: 146.56
  • Total Acreage: 1 to less than 2
  • Water Access YN: 0
  • Attribution Contact: 863-648-1528
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Other
  • Foundation Details: Slab
  • Total Bedrooms: 9
  • Levels: One
  • Living Area Meters: 377.09

Exterior Features

  • Exterior Features: Other
  • Roof: Metal
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt, Unimproved
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Common

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside, Other
  • Sewer: Septic Tank
  • Water Source: Public
  • Individually Metered: Electric

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Parcel Number: 25-30-02-000000-013090
  • Additional Parcels: No
  • Lot Dimensions: 142x142
  • Flood Zone Code: X

Multi Family

  • Gross Income: 69888
  • Number Of Units Total: 4
  • Total Num Buildings: 2
  • Unit Count: 4

Tax Info

  • Tax Annual Amount: 6031.99
  • Tax Book Number: P-81

Map

Range of Values:

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Value Increase
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/06/2025 11/06/25 Price Changed $594,900 -4.8% $147 / Sq Ft
10/17/2025 10/17/25 Price Changed $625,000 -8.8% $154 / Sq Ft
08/05/2025 08/05/25 For Sale $685,000 +117.5% $169 / Sq Ft
10/14/2021 10/14/21 Sold $314,900 0.0% $78 / Sq Ft View Prior Sale
07/30/2021 07/30/21 Pending -- -- --
07/15/2021 07/15/21 Price Changed $314,999 0.0% $78 / Sq Ft
06/30/2021 06/30/21 Price Changed $315,000 0.0% $78 / Sq Ft
06/30/2021 06/30/21 For Sale $315,000 -4.5% $78 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
06/21/2021 06/21/21 Price Changed $329,999 -2.9% $81 / Sq Ft
06/14/2021 06/14/21 For Sale $339,999 0.0% $84 / Sq Ft
06/06/2021 06/06/21 Pending -- -- --
06/01/2021 06/01/21 Price Changed $339,999 -2.9% $84 / Sq Ft
05/25/2021 05/25/21 For Sale $349,999 0.0% $86 / Sq Ft
05/13/2021 05/13/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $349,999 -- $86 / Sq Ft
Source: Stellar MLS

Source: Stellar MLS

MLS Number: O6333266

Stellar MLS

APN: 253002000000013090