Log In/Sign Up
Your email has been sent.
301 SW 3rd Ter 12 Unit Apartment Building $1,599,999 ($133,333/Unit) 7.50% Cap Rate Mulberry, FL 33860
Investment Highlights
- All interiors renovated.
- Easy to lease
Executive Summary
Income producing multi family property! 12 units total over 6 duplexes generating upwards of 120k annually gross income with potential for over 140k annually. All units have had the interiors updated in the past few years aside from one. Tenants pay all utilities! There are very little fixed expenses. All units have their own HVAC and Washer and Dryer hookups. Many improvements made to the property over the last few years both interior and exterior. Units lease really quickly when vacant. Property is in great location in the heart of Mulberry and just south of Lakeland. Just off route 60 making it easy access to anywhere you need to get to. This property is ready to cash flow for years to come. Sale includes an additional vacant parcel right behind existing structures that can be built on adding additional income.
Units 406 A-B, 408 A-B, 410 A-B. All on SW 2nd Street.
Units 301, 303, 307, 309, 310, 312. All on SW 3rd Terrace.
Units 406 A-B, 408 A-B, 410 A-B. All on SW 2nd Street.
Units 301, 303, 307, 309, 310, 312. All on SW 3rd Terrace.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,599,999 | Building Class | B |
| Price Per Unit | $133,333 | Lot Size | 0.80 AC |
| Sale Type | Investment | Building Size | 10,000 SF |
| Cap Rate | 7.50% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R1 - designated for residential development. | ||
| Price | $1,599,999 |
| Price Per Unit | $133,333 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.80 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1970/2020 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | R1 - designated for residential development. |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Tub/Shower
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $975.00 | - |
| 3+1 | 6 | $1,150 | - |
1 1
Property Taxes
| Parcel Number | 23-30-11-156000-009051 | Total Assessment | $578,995 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
23-30-11-156000-009051
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$578,995
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 40
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Divine Realty and Associates
301 SW 3rd Ter
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.