516, West 7th Street, Lakeland, Polk County, Florida, 33805, United States
SOLD! $129,990 - Single Family
Additional Details
- Please contact your disposition agent, Julian Kasky: (954)-807-9115 jkasky@propertyforce.com
- Ideal Investment Strategy: Rental/Resale
- Potential ARV: $215,000-$230,000
- Estimated Rehab: $15,000-$30,000
- Comparable Rent: $1,400
- Construction: CBS
- Occupancy: Call your Agent
- Comp 1: 1101 N Stella Ave, Lakeland, FL 33805 -- 3/1/992 sq ft -- SOLD $260k DEC 2022 -- (Frame, Mid-Grade Finishes)
- Comp 2: 1220 Wright Dr, Lakeland, FL 33805 -- 3/1/960 sq ft -- SOLD $230k OCT 2022 -- (Smaller with Updates)
- Comp 3: 611 W 3rd St, Lakeland, FL 33805 -- 2/1/975 sq ft -- SOLD $202k DEC 2022 -- (Frame, Mid-Grade Finishes)
- Comp 4: 653 W Thomas St, Lakeland, FL 33805 -- 3/1/768 sq ft -- SOLD $199k DEC 2022 -- (30% Smaller with Updates)
- Comp 5: 620 W 7th St, Lakeland, FL 33805 -- 2/1/902 sq ft -- LEASED $1400/mo -- (Smaller, Clean with Updates)
- Rehab Description: For a rental or a flip, partial cosmetic updates are needed. Both the kitchen and bathroom are already in market-ready condition. Update the flooring and appliances. The roof appears to be in good working order with plenty of years of useful life remaining. The window units are reportedly in good working order. Replace lighting and fixtures throughout and finish with a fresh coat of paint in and out.
- Features: ANOTHER CLEAN BLOCK HOME IN POLK COUNTY?! This 3 bedroom, 1 bathroom, CBS construction home sits in a residential pocket of Lakeland, FL! The property features an attractive front porch, a screened-in lanai out back, and is already in relatively clean rental condition! Sitting just a block away from Washington Park and a quick drive to a local school, this property sits in a PRIME location for a family! Don't miss out on this opportunity to add a clean rental with equity or a low price-point flip to your portfolio!
- Important Details: --> Rented month-to-month. A tenant estoppel will be provided at closing.
- Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab