Active

$594,900

Features:
  • 9 Bedrooms
  • 7 Bathrooms
  • 4059 sq ft
Overview
  • ID: MFRO6333266
  • Bedrooms: 9
  • Bathrooms: 7
  • Size: 4059 sq ft
Property Details
Remarks
PRICE DROP!. Please see the attached Property Brochure for rent roll and expense info. $69,000 in annual income. 9.16% cap rate. Solid opportunity to start or expand your multifamily portfolio with this 4 unit income generating property in Bartow FL. The property consists of two structures - a single family 3 bedroom / 2 bathroom home and a triplex with various bedroom and bathroom configurations. This is a clean and well run property with strong rents and deposits that sits on a charming 1.29 acres with plenty of parking and common area outdoor space. Each structure is block construction with metal roofs. There are separate electric meters for all of the units, with the single family home tenant also paying for water. The triplex water is paid for by the Landlord. The property is located about 10 minutes from the Van Fleet Trail and SR 60 intersection in Bartow. 10 minutes to downtown Bartow, 20 minutes from Lake Wales and 25 minutes from downtown Lakeland. This property offers a blend of space, stability and convenience - ideal for investors looking to grow in the Central Florida market. OWNER HAS ANOTHER 9 UNIT PARK AVAILABLE IN LAKE WALES WITH UPSIDE. Currently producing $125,000 +/- in gross income.
Financial Considerations
Price:
$594,900
HOA Fee:
N/A
Tax Amount:
$6031.99
Price per SqFt:
$146.56
Tax Legal Description:
BEG INTERSECTION OF W BNDRY OF NE1/4 & SLY R/W SR "60 RUN N 88 DEG 08' 33"" E ALONG R/W 295.2 FT S 1" "DEG 51 MIN 27 SEC E 17 FT S 88 DEG 08' 33"" E 232" FT TO POB RUN S 436.72 FT W 142 FT N 142 FT W 85.57 FT N 83 FT N 37 DEG 28 MIN 20 SEC E 76.04 FT "N 12 FT E 161.31 FT N 140.22 FT S 88 DEG 08' 33"" E" 20 FT TO POB
Exterior Features
Lot Size:
56214
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Common
Roof:
Metal
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
9
Bathrooms:
7
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
One
Additional Features
Property Sub Type:
Triplex
Style:
N/A
Year Built:
1956
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
N/A
Map
  • Address
    3947 STATE ROAD 60 E
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 450,000
avt
Daniel Dourado
$ 380,000
img
  • Featured
  • Active
Triplex

213 RODRIGO DE TRIANA

  • 6
  • 3
  • 0 m²
avt
Daniel Dourado
$ 325,000
avt
Daniel Dourado
$ 739,000
img
  • Featured
  • Active
Triplex

7108 S KISSIMMEE ST

  • 6
  • 3
  • 211 m²
avt
Daniel Dourado
$ 750,000
avt
Daniel Dourado
$ 399,000
img
  • Featured
  • Active
Triplex

510 N SUMMERLIN AVE

  • 3
  • 3
  • 176 m²
avt
Daniel Dourado
$ 839,000
img
  • Featured
  • Active
Triplex

2319 W CANNON TER NW #1

  • 6
  • 6
  • 275 m²
avt
Daniel Dourado
$ 595,000
avt
Daniel Dourado
$ 254,000
img
  • Featured
  • Active
Triplex

1600 NE FLORIDIAN CIR

  • 3
  • 3
  • 160 m²
avt
Daniel Dourado
$ 225,000
avt
Daniel Dourado
$ 435,000
avt
Daniel Dourado
$ 899,900