Here’s a stellar concrete block duplex located minutes from the downtown Lakeland area as well as historic neighborhoods. Each unit consists of two bedrooms and one bathroom and is separately metered for electricity and water. Based on our research, we expect a full renovation throughout each unit from kitchen, flooring, and bathrooms. This amazing opportunity also provides seller financing with a down payment of $84,900 at 6.75% interest for a two-year balloon.
Furthermore, each unit is being rented under market rent at $700 per month. With market rental rates in the area skyrocketing, you can capture somewhere between $1,100 – $1,300 a month with upgrades. In addition, nearby comparables are providing an equitable value of $300,000. The current Lakeland market for multifamily properties is becoming very limited so don’t miss out on this cash-flowing opportunity. For more information contact us..