Photo 1 of 7
$700,000
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 8 |
|
4,056 |
$5,943 |
1986 |
|
On the market:
3 days
|
View full details, photos, school info, and price history
Income-producing opportunity in Lakeland! This quadplex delivers strong and consistent cash flow, currently generating approximately **$70,000 in annual gross rental income**.
Each of the four units is well-positioned to attract and retain long-term tenants, offering stability and minimal vacancy. The property is conveniently located near major roadways, shopping, dining, and employment centers, making it highly desirable in a strong rental market.
**Investment Highlights:**
* Quadruplex (4 units)
* Gross Annual Income: ~$70,000
* Stable occupancy with consistent rental demand
* Desirable Central Florida location
* Opportunity for future rent growth
**Investment Metrics (Pro Forma):**
* Estimated Operating Expenses (30%): $21,000
* **Net Operating Income (NOI): $49,000**
**Estimated Cap Rates:**
* 7.0% at $700,000
A solid opportunity for investors seeking reliable income with upside potential in a growing market. Ideal for both seasoned investors and those looking to expand their portfolio with a performing asset.
Listing courtesy of Ken Jones, EXP REALTY LLC