🏠 🏠 🏠 Mixed Use Residential/Commercial Property 🏠 🏠 🏠

Polk County, Lakeland, FL, 33801
Sold
Listed at: August 16th, 2023
Price
$49,900
ARV
$175,000
Gross Margin
$125,100
Sq. Footage
616
Type
Single-Family
Parking
Attached Garage
Year build
1951
Lot size
0.17 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

Do not approach the property without an appointment

This 2-bedroom, 1-bathroom frame house, located at a prime address, offers a unique opportunity for both residential and commercial use. Although requiring extensive repairs, including a 30-year-old roof, outdated water heater, and lacking central air, the property's attachment to city sewer and water adds value. Original plumbing and electrical systems necessitate attention. The kitchen and bathroom mandate complete overhauls. Remarkably, the property's potential extends beyond residential use; its adaptable nature makes it suitable for a variety of commercial ventures. Whether pursued as a fix-and-flip project, a rental investment, or transformed into a thriving brick-and-mortar establishment, the property's versatility promises an array of possibilities. With its compelling attributes and scarce availability, this property is poised to generate significant interest.

🏠PROPERTY DETAILS 🏠

Construction: Wood

Electrical Panel: Original

HVAC: No Central A/C

Roof: <30 Years Old

Plumbing: Original

Water Heater: Needs Replacing

Sewer/Septic: Sewer

Well/City Water: City


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*Requirements for submission: PLEASE follow these or the offer may be rejected. 1.) It is highly encouraged to not send sight unseen offers. 2.) No Assignment of Contracts. 3.) $10,000 MINIMUM EMD required within 24 hours of acceptance of offer. 4.) No Escalation agreements accepted. 5.) Proof of funds required upon contract signing. 6.) Property sold as-is. 7.) Seller requesting Buyer pays all closing costs and doc stamps. For Showings, details and contract please TEXT Rich at 813-497-2155 or email r.miller@problempropertypals.com. Seller PREFERRED Title: Fortune Title (973) 226-6555 Listing agent does not represent the owner/seller of this property.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Sean M

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Disposition manager