302 Cresap St., Lakeland, FL 33815

SOLID RENTAL HOT SPOT IN DIXIELAND (Lakeland) ! Excellent investment opportunity for a 6 unit, fully occupied apartment complex in established and desirable central Lakeland. Walking distance to Lake Hunter, Dixieland shops and restaurant, Florida Southern College, and within a few minutes drive to the Polk Parkway and Interstate 4. 3 studio apartments and 3 1/1 apartments, with block construction and tiled floors. Tenured tenants with leases. Current gross rental income is $40,680 ($3390 per month), $9046 in expenses and an 8% cap rate. Opportunity exists to continue to being rents inline with going rates. No time like the present to start or enhance your portfolio.