LAKELAND, FL 33812 5520 3RD STREET SE

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Presented By: FUTURE HOME REALTY INC with 813-855-4982. - 813-855-4982
  • MLS# TB8344133
  • 02/10/2025
  • Request Tour
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  • Beds • 4
  • Baths • 4
  • SQFT • 1,800

Home Details

Great Investment Opportunity with stable income stream in Lakeland/Highland City, Florida! Located in a prime area just off the high-traffic State Road 98, a walk distance to restaurants and shopping plaza. This well-maintained mobile home park offers a fantastic opportunity for both new investors or those looking to expand their portfolio. Key Features:(1) 8 total spaces include 2 rent-to-own homes—will be fully tenant-owned by 2026—and 5 tenant-owned homes with lot rent only) 1 vacant space with significant potential (2) Well-run park with strong tenant retention and consistent revenue streams. (3) Tenants are separately metered for water and electric City water with several septic tanks. Financials:*Gross Revenue: $54,428 *Estimated Expenses: $12,160 * NOI $42,260 and CAP Rate 6.73% *Potential for an additional $10,000+ in revenue by increasing lot rents and implementing trash charge-backs *Filling the vacant space could bring an additional $14,400-$16,800 annually. Investor Opportunity: Your proforma Cap Rate 8.5% with minimal effort. This property is ready for immediate returns with plenty of room for growth. Don’t miss out on this exceptional opportunity to secure a solid, income-generating asset in a rapidly growing market!
Presented By: FUTURE HOME REALTY INC with 813-855-4982. - 813-855-4982

Interior Features for 5520 3RD STREET SE

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths4

Other Interior Features

LivingAreaSourceowner
Air Conditioning Y/NYes
Fireplace Y/NNo
Flooringlaminate, vinyl
Heating Y/NYes
Interior Amenitiesbuilt-in features, living room/dining room combo, split bedroom, thermostat, walk-in closet(s), window treatments
Laundry Featureselectric dryer hookup, inside, washer hookup

General for 5520 3RD STREET SE

Additional Parcels Y/NNo
Building Area Unitssquare feet
Carport Y/NNo
Citylakeland
Construction Materialsmetal frame
Coolingcentral air
Countypolk
Directionsus 98 south to clubhouse road to address.
DockY/NNo
Flood Zone Codex
Flood Zone Code XY
Garage Y/NNo
Gross Income54428
HOANo
Heatingcentral
Land Lease Y/NNo
Legal Descriptionhaskell pb 1 pg 5a tier 2 blk 7 lots 1 3 thru 8 & nly 1/2 of closed alley lying swly of lot 1 & closed alley lying between lots 3 thru 8
Listing Termscash, conventional, other, lease purchase
Living Area Unitssquare feet
Lot Size Square Feet56876
Lot Size Unitsacres
MLS Area33812 - lakeland
ModificationTimestamp2025-05-30t01:05:33.473z
New ConstructionNo
Number Of Units Total8
Ok to Lease12 months
Ownershipfee simple
Property Subtypemulti family
Property Typeresidential income
Roofother
Senior Community Y/NNo
Sewerseptic tank
Standard Statusactive
Statusactive
Subdivision Namehaskell
Tax Annual Amount3730.74
Tax Lot1
Tax Year2024
Tenant Payselectricity, water
Utilitieselectricity connected, street lights, water connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built2005
Zoningr-4

Exterior for 5520 3RD STREET SE

Exterior Amenitieslighting
Foundation Detailspillar/post/pier
Lot Size Acres1.31
Lot Size Area1.3057
Number of Buildings2
Private PoolNo
Road Surface Typepaved
SpaNo
Water Sourcepublic
WaterfrontY/NNo

Additional Details

Price History

Andre LaFountain

Realtor / Coach
Price $627,500
MLS#TB8344133
List Date 02/10/2025
Property Type Income
Phone 518.569.7173
Request Tour
Request Info
Visit My Website

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Location
  • Babcock Ranch