NOT LISTED FOR SALE
1 Bed
1 Bath
1,386 Sq Ft
6,120 Sq Ft Lot

Last Sold November 30, 2022

Last sale price $355,000 $256 Per Sq Ft

2 Days on Market

Highlights

  • Open Floorplan
  • Main Floor Primary Bedroom
  • Mini Split Air Conditioners
  • Lincoln Avenue Academy Rated A-
  • No HOA
  • 4-minute walk to North Lake Wire Park

About This Home

As of November 2022

COMPLETELY RENOVATED TRIPLEX IN LAKELAND WITH A 9.29% CASH ON CASH RETURN! Financials attached with reset taxes and REAL NUMBERS! 3 units with separate addresses on one parcel zoned Multiple SFR Residences in Lakeland Florida. (See attachments in the data room) The property was completely renovated in 2022 and now is stabilized with 3 long term tenants and PROFESSIONAL PROPERTY MANAGEMENT IN PLACE! Each unit is a 1 bedroom/1 bathroom and currently rented for $1150 per month with the tenants paying WATER AND ELECTRIC. The units have different addresses as they each have there own water meters and electric meters. 915, 915 1/2 and 917 MLK are the addresses associated with the utility bills. Each unit also has its own WASHER/DRYER and newer STAINLESS STEEL APPLIANCES all owned by the current owner. Over 80% of the structures has NEW WINDOWS, FRESH PAINT INTERIOR/EXTERIOR throughout all units, NEW VINYL WATERPROOF FLOORING throughout units, NEW LIGHT FIXTURES, 3 NEW MINI SPLITS (1 in each unit) and the list goes on! 3 NEW ROOFS were installed with 20 year workmanship warranties, 10 year algae/mold warranties, 2 year service (every 6 months) debris and roof inspection, as well as FREE WIND MITIGATION REPORT FOR INSURANCE FOR THE BUYER! All 3 units were also TREATED FOR TERMITES! The landscaping is MAINTENANCE FREE as it is shell and mulch throughout the property making it easy for a new owner to manage! The entire property is FENCED! Each unit has a front porch and a separate back entrance. The parking is in the rear of the property and allows for 5-6 vehicles also was redone to be maintenance free as it is shell. According to US News, Lakeland, FL is ranked #61 in best places to live in the U.S., #18 in the best places to retire. #9 in best places to live in Florida, #7 in fastest-growing places. Lakeland, the largest city in Polk County, is home to the largest one-site collection of Frank Lloyd Wright architecture in the world at Florida Southern College, Circle B Bar Reserve, Detroit Tigers Spring Training, and Safari Wilderness. THIS TURN KEY ASSET FOR AN INVESTOR WONT LAST LONG! (Interior pictures attached are of 917 MLK, each unit is similar but slightly different, layouts are all the same, DO NOT DISTURB THE TENANTS) (Current owner will provide SURVEY to new Buyer)

Last Agent to Sell the Property

Betsy Tinervin

REAL BROKER, LLC License #3356969 Listed on: 10/15/2022

REAL BROKER, LLC

Last Buyer's Agent

Maria Torres Beltran

CENTURY 21 NEXT LEVEL REALTY License #3402170

CENTURY 21 NEXT LEVEL REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $965

Year Built

  • Built in 1946

Lot Details

  • 6,120 Sq Ft Lot
  • Lot Dimensions are 72x84
  • Fenced

Parking

  • Parking Pad

Home Design

  • Triplex
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,386 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Vinyl Flooring
  • Crawl Space
  • Laundry in unit

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Bathroom

Utilities

  • Mini Split Air Conditioners
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units
  • Patterson & Cox Sub Subdivision

Building Details

  • Gross Income $40,572

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$965

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Triplex
  • Construction Materials: Wood Frame
  • Fireplace: No
  • Living Area: 1386
  • Lot Size Acres: 0.14
  • New Construction: No
  • Year Built: 1946
  • Lot Size Sq Ft: 6120
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3408332?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3408332?w=Customer
  • Unit Count: 1
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.98639
  • Price per Sq Ft: 256.13
  • Close to Original List Price Ratio: 0.98639
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Vinyl
  • Interior Amenities: Ceiling Fans(s), Master Bedroom Main Floor, Open Floorplan
  • Foundation Details: Crawlspace
  • Total Bedrooms: 1
  • Levels: One
  • Number Of Buildings: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Fenced
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Parking Pad
  • Open Parking: No

Utilities

  • Utilities: Public
  • Cooling: Mini-Split Unit(s), Wall/Window Unit(s)
  • Heating: Electric, Wall Units / Window Unit
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: RA-4
  • Parcel Number: 23-28-13-077000-005030
  • Additional Parcels: No
  • Lot Dimensions: 72x84
  • Flood Zone Code: X
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Total Actual Rent: 3450

Multi Family

  • Gross Income: 40572
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 964.92
  • Tax Block: 5
  • Tax Book Number: 1-60
  • Tax Lot: 3

Range of Values:

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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
11/30/2022 11/30/22 Sold $355,000 -1.4% $256 / Sq Ft
10/18/2022 10/18/22 Pending -- -- --
10/15/2022 10/15/22 For Sale $359,900 +176.8% $260 / Sq Ft
03/24/2022 03/24/22 Sold $130,000 0.0% $87 / Sq Ft View Prior Sale
02/25/2022 02/25/22 Pending -- -- --
02/18/2022 02/18/22 For Sale $130,000 -- $87 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: T3408332

Stellar MLS