1025 W Socrum Loop Rd | Lakeland, FL 33809
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- LoopNet Team
1025 W Socrum Loop Rd
Lakeland, FL 33809
Multifamily Opportunity 9 Homes w/ Upside · Multifamily Property For Sale
·
4,420 SF
INVESTMENT HIGHLIGHTS
- This unique investment provides 9 mobile homes in Lakeland, Florida, at 1025 W Socrum Loop (7 homes) and 711 Nashville Road. (2 homes).
- There are no titles for the homes, with all structures Retired to the Park (RP'D), which means they cannot be sold or moved, but can be replaced.
- The portfolio’s proforma numbers are very strong, with a 13.61% cap rate and almost $10,000 in monthly income.
- Unit 7 at 1025 W Socrum Loop is currently vacant, but ready to rent, and units 2,3, 6 and 7 are fully renovated.
- Landlord carries general liability insurance, tenants pay electric, and water is paid for by the landlord and included in the rent.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Family Room
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
| 1+1 | 2 | - | - |
| 1+1.5 | 1 | - | - |
| 2+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 23-27-12-000000-033120 | Improvements Assessment | $236,077 |
| Land Assessment | $47,318 | Total Assessment | $283,395 |
PROPERTY TAXES
Parcel Number
23-27-12-000000-033120
Land Assessment
$47,318
Improvements Assessment
$236,077
Total Assessment
$283,395
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