Amerivest Pro-Team
yourhome@amerivest.realestate5,764 SqFt
5,764 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 5,764 sqft
Price per Sqft $117
MLS Listing ID O6297700
Construction Status Completed
HOA Y/N No
Year Built 1980
Annual Tax Amount $6,828
Lot Size 1.650 Acres
Acres 1.65
Lot Dimensions \
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
The current owner purchased the two assets and has been renovating the units. There is a tremendous amount of upside with this asset, as 4 units are vacant, and the remainder under market. The vacant units are ready to rent and market rates are strong currently.
The proforma scenario represents a 13.61 cap rate with conservative Pro-forma rent expectation at $116,900.
Location
State FL
County Polk
Area 33809 - Lakeland / Polk City
Zoning RL4
Interior
Cooling Wall/Window Unit(s)
Exterior
Roof Type Metal
Building
Foundation Crawlspace
Lot Size Range 1 to less than 2
Sewer Septic Tank
Water Public, Well
Structure Type Metal Frame
New Construction false
Construction Status Completed
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6297700
Real Estate Insights
We’re excited to share that Amerivest Pro-Team has been recognized as one of the Top 20 large real estate teams in the United States by Real Brokerage for the first quarter of 2025—a distinction that highlights both our market leadership and the incredible commitment of our agents. National Honors A
Key Takeaways: Most real estate agents are paid on commission, not salary. Not all agents are 100% commission—many split earnings with their brokerage. Consumers don’t directly pay agents, but commissions come from the transaction. 100% commission brokerages exist and offer agents more income pote
Thinking of relocating to Naples, Florida? Known for its beautiful beaches, upscale lifestyle, and relaxed Gulf Coast charm, Naples is also one of the more expensive places to live in the Sunshine State. Before making the move, it’s important to understand the true cost of living and what income
Who Is a Real Estate Broker—And Why It Matters to Buyers, Sellers, and Future Agents 🔍 TL;DR – Quick Takeaways: A real estate broker is licensed to supervise agents and can operate independently. Brokers provide oversight, compliance, and accountability in every transaction. When you work with an