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301 SW 3rd Ter 12 Unit Apartment Building $1,325,000 ($110,417/Unit) 9.06% Cap Rate Mulberry, FL 33860
Investment Highlights
- All interiors renovated.
- Very minimal expenses
- Easy to lease
- Tenants pay all utilities
Executive Summary
Strategic 12-Unit Portfolio + Development Land | Seller-Funded New Roofs
THE OPPORTUNITY A turn-key, 12-unit multifamily portfolio (6 duplexes) plus an included buildable parcel in the high-demand Mulberry/Lakeland market. This offering is 92% renovated and engineered for maximum Net Operating Income (NOI) through low-overhead management and tenant-paid utilities.
THE INCENTIVE: $1.325M WITH 6 NEW ROOFS At the $1.325M price point, the Seller will deliver the property with 6 NEW ROOFS. This incentive resets the CapEx clock and provides a massive advantage in the Florida market by drastically lowering insurance premiums and increasing day-one cash flow.
INVESTMENT HIGHLIGHTS Financials: $120k+ Current Gross Income with a clear pro-forma path to $140k+.Renovations: 11 of 12 units feature updated interiors and modern systems. Low Expense Ratio: Tenants pay all utilities. All units feature individual HVAC systems and washer/dryer hookups, minimizing landlord liability. Expansion Potential: Sale includes a vacant parcel behind the existing structures, offering immediate equity or the ability to build additional units to scale the portfolio.
Location: Heart of Mulberry, just south of Lakeland and seconds from Route 60, ensuring high occupancy and rapid leasing.
PORTFOLIO INCLUDES
SW 2nd St: 406 A-B, 408 A-B, 410 A-B.
SW 3rd Terrace: 301, 303, 307, 309, 310, 312
THE OPPORTUNITY A turn-key, 12-unit multifamily portfolio (6 duplexes) plus an included buildable parcel in the high-demand Mulberry/Lakeland market. This offering is 92% renovated and engineered for maximum Net Operating Income (NOI) through low-overhead management and tenant-paid utilities.
THE INCENTIVE: $1.325M WITH 6 NEW ROOFS At the $1.325M price point, the Seller will deliver the property with 6 NEW ROOFS. This incentive resets the CapEx clock and provides a massive advantage in the Florida market by drastically lowering insurance premiums and increasing day-one cash flow.
INVESTMENT HIGHLIGHTS Financials: $120k+ Current Gross Income with a clear pro-forma path to $140k+.Renovations: 11 of 12 units feature updated interiors and modern systems. Low Expense Ratio: Tenants pay all utilities. All units feature individual HVAC systems and washer/dryer hookups, minimizing landlord liability. Expansion Potential: Sale includes a vacant parcel behind the existing structures, offering immediate equity or the ability to build additional units to scale the portfolio.
Location: Heart of Mulberry, just south of Lakeland and seconds from Route 60, ensuring high occupancy and rapid leasing.
PORTFOLIO INCLUDES
SW 2nd St: 406 A-B, 408 A-B, 410 A-B.
SW 3rd Terrace: 301, 303, 307, 309, 310, 312
Data Room Click Here to Access
- Operating and Financials
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 | $1,325,000 | Building Class | B |
| Price Per Unit | $110,417 | Lot Size | 0.80 AC |
| Sale Type | Investment | Building Size | 12,320 SF |
| Cap Rate | 9.06% | 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 | $1,325,000 |
| Price Per Unit | $110,417 |
| Sale Type | Investment |
| Cap Rate | 9.06% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.80 AC |
| Building Size | 12,320 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
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Trash Pickup - Curbside
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $975.00 | - |
| 3+1 | 6 | $1,150 | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
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
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Divine Realty and Associates
301 SW 3rd Ter
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