Highland City, FL 33846,6065 BAY AVE SE
Johnny Hopper
Johnny Hopper

REALTOR® | Lic# SL3432269

+1(941) 524-1706

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$ 800,000

$ 1,050,000 23.8%

Est. payment | /mo

7,420 SqFt


$ 800,000

$ 1,050,000 23.8%

Est. payment | /mo

7,420 SqFt

Key Details

Sold Price $800,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,420 sqft

Price per Sqft $107

Subdivision Haskell

MLS Listing ID O6203342

Sold Date 04/04/25

Construction Status Completed

HOA Y/N No

Year Built 1973

Annual Tax Amount $9,598

Lot Size 1.520 Acres

Acres 1.52

Lot Dimensions 260x127

Property Sub-Type Multi-Family

Source Stellar MLS

Property Description

INCOME OPPORTUNITY! Located in one of the fastest growing areas of South Lakeland / Highland City, this is multifamily development, consisting of 6 park owned mobile homes, and 7 single family (small) homes. The six mobile homes are part of the Florida Mobile Home Registry under Pa-pa Bears Mobile Home park. The other 7 homes are part of the same parcel - each have a separate mailing address. Current annual income of $131,580, with upside to grow to another 10% quickly.

Lakeland and Polk County are among the fastest growing places in the U.S., as the City sits in the middle of Tampa and Orlando on the I-4 corridor. In the immediate area, new apartment developments have been built, and several shopping areas, including Publix, across the street. There are primary, middle and high schools very close by, and the main thoroughfare, US 98 stretches from the north side of Lakeland to the south side.

The annual rental income is $131,560, and all expenses are detailed and accounted for, giving us a current cap rate of 8.26%

Location

State FL

County Polk

Community Haskell

Area 33846 - Highland City

Zoning RL4

Direction SE

Interior

Interior Features Other

Heating Central, Other

Cooling Central Air, Wall/Window Unit(s)

Fireplace false

Laundry Other

Exterior

Exterior Feature Private Mailbox

Parking Features Common, Driveway

Utilities Available Electricity Connected, Water Connected

Roof Type Metal,Other

Garage false

Private Pool No

Building

Lot Description In County, Paved

Entry Level One

Foundation Crawlspace

Lot Size Range 1 to less than 2

Sewer Septic Tank

Water Public

Structure Type Concrete,Metal Frame,Wood Frame

New Construction false

Construction Status Completed

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Stellar MLS
Listed by Craig Morby SVN SAUNDERS RALSTON DANTZLER REAL ESTATE
Bought with Carly Powell SVN SAUNDERS RALSTON DANTZLER REAL ESTATE

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Johnny Hopper
Johnny Hopper

REALTOR® | Lic# SL3432269

+1(941) 524-1706

50 S. Lemon Ave. Suite 302, Sarasota, FL, 34236, USA

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6065 BAY AVE SE