Property Overview: Quadplex - 2/1 & 2 Stand Alone Structures 2/1

We are excited to present an exceptional investment opportunity in the burgeoning city of Lakeland. This multifamily property features a well-maintained quadplex, comprising four 2-bedroom, 1-bath units, and two separate standalone units, each offering 2 bedrooms and 1 bathroom. The quadplex has been thoughtfully updated and requires only minimal renovations to become rent-ready, while the standalone structures offer an opportunity to maximize rental income with strategic updates.

Investment Highlights:

1. Prime Location in Lakeland:

Located in the heart of Lakeland, this property benefits from the city's continuous growth and economic development. Lakeland's strategic position between Tampa and Orlando makes it a prime destination for both residents and investors. The city's job market, educational institutions, and recreational amenities have been drawing a steady influx of residents, creating a strong demand for housing.

2. Cash Flow Potential:

With the potential to generate $1,600 per month per unit in market rent, this property offers an impressive cash flow opportunity. When fully leased, the combined monthly income from the six units is $9,600, translating into a solid annual income stream of $115,200.

3. Value-Add Opportunity:

While the quadplex is already in excellent condition and needs minimal rehab to reach market rent, while the standalone units present a value-add opportunity. By updating these units to reach market rent condition, investors can further enhance the property's revenue potential and maximize their return on investment.

4. Attractive Cap Rate:

With an asking price of $820,000 and an estimated annual income of $115,200, the property's cap rate is approximately 14%. This cap rate reflects a strong return on investment, making it an attractive opportunity for real estate investors seeking income-producing assets in a high-growth market.

Property Details:

• Quadplex: Four 2-bedroom, 1-bath units, 90% updated and rent-ready
• Standalone Units: Two 2-bedroom, 1-bath units, with potential for value-add improvements
• Market Rent: $1,600 per month per unit
• Total Potential Monthly Income: $9,600
• Asking Price: $810,000
• $10,000 EMD

Don't Miss Out:

This multifamily property in Lakeland offers a unique opportunity to capitalize on the city's growth and enjoy strong cash flow from day one. With an attractive cap rate, a prime location, and value-add potential, it is an investment worth considering. Don't miss your chance to be part of Lakeland's thriving real estate market.