1025 W SOCRUM LOOP RD, LAKELAND, FL, 33809
$675,000
Commercial Sale
Living Area
5,764 Sqft
Lot Size
71,874 Sqft
PLEASE SEE ATTACHED PROPERTY BROCHURE FOR ALL DETAILS! This sale encompasses two addresses, in two different parts of town. On the northside of Lakeland are 7 mobile homes located at US 98 North and West Socrum Loop Road. The second location is at 711 Nashville Road at Old Tampa Hwy and Memorial Blvd. This location has two homes. 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.
Property Details
Property Features Property Features
MLS ID: MFRO6297700 Year Built: 1980
Construction Materials: Metal Frame Cooling: Wall/Window Unit(s)
Country: US County Or Parish: Polk
Foundation Details: Crawlspace Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional Property Condition: Completed
Property Sub Type: Multi Family Property Type: Commercial Sale
Road Frontage Type: City Street, Main Throrughfare Road Surface Type: Asphalt
Roof: Metal Sewer: Septic Tank
Showing Requirements: Appointment Only Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Water Source: Public, Well
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