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Browse More Listings in Multifamily For Sale, Lakeland, FL or Florida

Multifamily Property For Sale

Marrex Apartments

1109 East Orange Street, Lakeland, FL 33801

Price:
$1,550,000
No. Units:
29
Building Size:
17,538 SF
Price/Unit:
$53,448.28
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
8%
Gross Rent Multiplier:
10
Occupancy:
95%
No. Stories:
2
Year Built:
1975
Lot Size:
1.35 AC
Tax ID / APN #:
242818205000006050
Find Out More...

Last Verified 10/23/2009 Listing ID 16444432

Description

Great 29 unit investment property in good location. Maintained by current owner. Excellant return on investment. Owner could live in one house and manage property on site. Numerous storage sheds on site

Located in Southeast Lakeland, Florida (Polk County) between Bartow Hwy (Hwy98) and Lake Parker Drive. Behind the mercedes dealership.

Financial Summary

Unit Mix Information

Actual
Year
2009
Scheduled Gross Income
$183,905
Operating Expenses
$61,797
Net Operating Income
$122,108

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
3/2 house	1	$495	1,111
3/1/house	1	$550	1,363
1/1 apartment	19	$505	1,363
2/1 apartment	8	$588	1,363

Map of 1109 East Orange Street, Lakeland, FL 33801 (Polk County)

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Presented by

RE/MAX Paramount Properties Inc.

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Contact Listing Broker

Anthony Fridovich (863) 680-3322

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Created 10/23/2009

Additional Information for 1109 E Orange Street Unit 1, Lakeland, FL 33801

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Marrex Apartments

1109 East Orange Street, Lakeland, FL, 33801