1025 W SOCRUM LOOP RD Lakeland, FL 33809
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 5,764 sqft
Price per Sqft $117
MLS Listing ID O6297700
Construction Status Completed
HOA Y/N No
Year Built 1980
Annual Tax Amount $6,828
Lot Size 1.650 Acres
Acres 1.65
Lot Dimensions \
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
The current owner purchased the two assets and has been renovating the units. There is a tremendous amount of upside with this asset, as 4 units are vacant, and the remainder under market. The vacant units are ready to rent and market rates are strong currently.
The proforma scenario represents a 13.61 cap rate with conservative Pro-forma rent expectation at $116,900.
Location
State FL
County Polk
Area 33809 - Lakeland / Polk City
Zoning RL4
Interior
Cooling Wall/Window Unit(s)
Exterior
Roof Type Metal
Building
Foundation Crawlspace
Lot Size Range 1 to less than 2
Sewer Septic Tank
Water Public, Well
Structure Type Metal Frame
New Construction false
Construction Status Completed
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6297700
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