2437 Idlewild St | Lakeland, FL 33801
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2437 Idlewild St
Lakeland, FL 33801
THE IDLEWILD APARTMENTS! (SELLER FINANCING) · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- 16-UNIT APARTMENT COMPLEX IN LAKELAND, FL! 8 CONCRETE BLOCK DUPLEXES SIDE BY SIDE, WITH AN ADDITIONAL .92 ACRE LOT NEXT DOOR!
- 10% CASH-ON-CASH RETURN BY THE END OF 2024! 14% CASH-ON-CASH RETURN IN 2025! 10% CAP RATE AND 17% CASH-ON-CASH RETURN IN 2026!
- SEVERELY UNDER-MARKET RENTAL RATES IN PLACE, GIVING THE BUYER THE ABILITY TO INCREASE THEIR NOI IMMEDIATELY!ELY
- AMAZING SELLER FINANCING AVAILALBLE DOWN PAYMENT: DOWN PAYMENT: $650,000. FIXED IR: 5% INTEREST ONLY PAYMENTS 5-YEAR BALLOON!
- THE PROPERTY IS IN FANTASTIC CONDITION AND ALL ROOFS WERE REPLACED IN 2021!
- THE UNITS ARE CURRENTLY $450 PER MONTH, BELOW THE MARKET AVERAGE FOR COMPARABLE UNITS!
PROPERTY FACTS
| No. Units | 16 | Building Size | 7,810 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1971/2022 |
| Building Class | C | Parking Ratio | 3.84/1,000 SF |
| Lot Size | 1.84 AC | ||
| Zoning | MF - MF | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.84 AC |
| Building Size | 7,810 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1971/2022 |
| Parking Ratio | 3.84/1,000 SF |
| Zoning | MF - MF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
- Wi-Fi
- Yard
- Deck
- Dining Room
- Family Room
- Instant Hot Water
- Lawn
- Office
- Pantry
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | - |
| 2+1 | 2 | - | - |
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