Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $225,000-245,000
• Estimated Rehab: $50,000-$65,000
• Comparable Rent: $1,800-$2,000
• Construction: CBS
• Occupancy: Call your Agent
• Comp 1: 1028 LAKEWOOD CT, LAKELAND, FL 33801 (4/2, 1540 sqft) SOLD $245k in JULY 2022 (1982 build, cbs, duplex, sold as-is w/ tenants on lease)
• Comp 2: 410 ELLERBE WAY, LAKELAND, FL 33801 (2/2.5, 1782 sqft) SOLD $215k in OCTOBER 2022 (1978 build, cbs, non-conforming duplex, sold as-is)
• Comp 3: 2341 WEBER ST, LAKELAND, FL 33801 (4/2, 1891 sqft) SOLD $285k in JULY 2022 (1973 build, cbs, duplex, renovated)
• Rehab Description: For a flip or rental, this needs updates to the kitchens, baths, flooring, trim/fixtures, and appliances. Roof needs to be replaced. Window a/c units may need updating. Some windows need replacing. Deep clean the interior, apply fresh interior/exterior paint, and do some landscaping to boost curb appeal!
• Features: Duplex in Lakeland! This property features two 1/1 units with 600 sqft per side on a 0.23-acre lot. Being offered vacant at closing, ready for renovations to begin immediately. Conveniently located near Lake Parker and the area's many lakes, public rec spaces, and schools. A short drive to downtown and I-4. Don't miss out on this multifamily deal with instant equity and potential cashflow!
• Important Details: --> VACANT AT CLOSING! --> Tax-assessed at $115k --> 2 separate electrical meters, 1 water meter --> Zoning allows for up to 9 units
• Hard Money: Pre-Approved by OPS Loans for up to 60% LTV – See OPS Loans Tab