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Income Today, Growth Tomorrow! 100 NE 10th Ter 10 Unit Apartment Building $795,000 ($79,500/Unit) Mulberry, FL 33860
Investment Highlights
- 5 duplex style structures on almost an acre of land with 10 units. Tremendous upside - current under market rents can be raised.
- 4 completely renovated units, 3 legacy tenants, and 3 units needing complete rehab. See brochure for details.
- Each structure has space for tenant parking. Central fenced trash receptacle on site, and there is a central mailbox area for the tenants.
- All units are 2/1 traditional apartment and several of the units have been rehabbed. Great income opportunity, with proforma numbers near $150K.
- Utility Providers - TECO for electric, water and sewer provided by the City of Mulberry. Tenants pay their own electric, Landlord pays water /sewer
Executive Summary
PLEASE SEE ATTACHED PROPERTY BROCHURE FOR DETAILS.
The property consists of five duplex buildings totaling 10 residential units, with each unit featuring a traditional 2-bedroom, 1-bathroom floor plan.
The current unit mix includes? 4 fully renovated units, all occupied?, 3 occupied legacy unit?s and 3 vacant units requiring renovation?.
The current vacancies are the result of a recent management transition and deferred maintenance, creating an outstanding opportunity for a new owner to renovate, lease the remaining units, and significantly increase rental income and overall property value.
The property is being offered as-is for the convenience of the Trustee. The asking price reflects the renovations needed, providing investors with an attractive entry point and substantial upside potential through thoughtful improvements.
Additional property features include? dedicated parking areas serving each duplex buildi?ng, a centralized mailbox system?, all buildings recently pressure washed? and professionally managed.
The property enjoys excellent access via N. Church Avenue (SR 37), one of the area's primary north-south corridors connecting Mulberry and Lakeland. It is also just minutes from State Road 60, providing convenient east-west access across Central Florida and excellent connectivity to major employment centers, retail, and surrounding communities.
Whether you're looking to expand an existing portfolio or acquire a repositioning opportunity with significant rental upside, this property offers an attractive combination of location, value, and long-term income potential.
The property consists of five duplex buildings totaling 10 residential units, with each unit featuring a traditional 2-bedroom, 1-bathroom floor plan.
The current unit mix includes? 4 fully renovated units, all occupied?, 3 occupied legacy unit?s and 3 vacant units requiring renovation?.
The current vacancies are the result of a recent management transition and deferred maintenance, creating an outstanding opportunity for a new owner to renovate, lease the remaining units, and significantly increase rental income and overall property value.
The property is being offered as-is for the convenience of the Trustee. The asking price reflects the renovations needed, providing investors with an attractive entry point and substantial upside potential through thoughtful improvements.
Additional property features include? dedicated parking areas serving each duplex buildi?ng, a centralized mailbox system?, all buildings recently pressure washed? and professionally managed.
The property enjoys excellent access via N. Church Avenue (SR 37), one of the area's primary north-south corridors connecting Mulberry and Lakeland. It is also just minutes from State Road 60, providing convenient east-west access across Central Florida and excellent connectivity to major employment centers, retail, and surrounding communities.
Whether you're looking to expand an existing portfolio or acquire a repositioning opportunity with significant rental upside, this property offers an attractive combination of location, value, and long-term income potential.
Property Facts
| Price | $795,000 | Apartment Style | Garden |
| Price Per Unit | $79,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.92 AC |
| No. Units | 10 | Building Size | 2,000 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1973/2000 |
| Zoning | RL-4 - Residental | ||
| Price | $795,000 |
| Price Per Unit | $79,500 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.92 AC |
| Building Size | 2,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1973/2000 |
| Zoning | RL-4 - Residental |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 672 |
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 23-30-01-000000-034010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $282,350 |
Property Taxes
Parcel Number
23-30-01-000000-034010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$282,350
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Income Today, Growth Tomorrow! | 100 NE 10th Ter
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