South Lakeland Multi Family

For Sale

6065 Bay Avenue Southeast, Highland City, FL 33846

This Highland City property for sale is located at 6065 Bay Avenue Southeast. The current listed sale price for South Lakeland Multi Family is $1,050,000. South Lakeland Multi Family is situated on a lot that is 1.52 acre in size.

Contacts

broker

Craig Morby

SVN | Saunders Ralston Dantzler

Property Details

  • Property Type Multi-Family
  • Property Size 7,421 SF
  • Units 13
  • Lot Size 1.52 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 1970
  • Date Updated Aug 21, 2024
Highland City is synonymous with South Lakeland. Located at Clubhouse Road and US 98.TREMENDOUS INCOME OPPORTUNITY! Located in one of the fastest-growing areas of South Lakeland, this is a multifamily development consisting of 6 park-owned mobile homes and 7 single-family (small) homes. The six mobile homes are part of the Florida Mobile Home Registry under Pa-Pa Bear's Mobile Home Park. The other 7 homes are part of the same parcel; each one has a separate mailing address. Current annual income of $131,580, with upside to grow to another 10% quickly. Lakeland and Polk County are among the fastest-growing places in the U.S., as the city sits in the middle of Tampa and Orlando on the I-4 corridor. In the immediate area, new apartment developments have been built, and several shopping areas, including Publix, across the street. There are primary, middle, and high schools very close by, and the main thoroughfare, US 98 stretches from the north side of Lakeland to the south side. The annual rental income is $131,560, and all expenses are detailed and accounted for, giving us a current cap rate of 8.26%.

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Highlights

  • South Lakeland/Highland City Multi Family income opportunity.
  • This park is well cared for and well run. On site coordinator collects rent and is the main point of contact. Her rent is reduced, as a result.
  • 6 Mobile Homes & 7 Single Family Homes on 1.52 acres and one tax parcel.
  • Units are in good shape - the owner strives to have quality tenants.
  • All mobile homes are park owned, and have titles. MH ages range between 1972-1990.
  • Bedroom & bath mix included in rent roll below,
  • Florida Mobile Home Registry lists the park under Pa Pa Bear's Mobile Home Park. License 53-54-2165884
  • City water and electricity. Septic site map available. Tenants pay all utilities direct to Lakeland Electric.
  • Owner pays Coastal Waste & Recycling bill. $94 per month.
  • Address include 4053, 4057, 4061, 4065, 4069, and 4073 Bay Ave, 4056, 4060, 4064, 4068, and 4072 Orange Ave, and 5346 & 5350 9th St.
  • Clean full income and expenses, (incl. capex) provided with agreed upon contract.
  • Additional unit photos available.

Attachments

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Location

  • City Highland City, FL
  • Neighborhood Highland City
  • Zip Code 33846
  • Market Tampa St Petersburg Clearwater

Points of Interest

  • Auburndale Historic Train Depot

    8.97 miles

  • Winter Haven

    9.37 miles

  • Citgo

    0.16 miles

  • 7-Eleven

    1.14 miles

  • Racetrac

    1.71 miles

  • Sam's Club Fueling Station

    3.33 miles

  • 7-Eleven

    3.98 miles

  • Sunoco

    4.67 miles

  • 7-Eleven

    4.93 miles

  • Circle K

    5.34 miles

  • Mobil

    5.46 miles

  • RaceTrac

    7.42 miles

  • Visitor Parking

    4.61 miles

  • Adopotion Center Parking

    4.63 miles

  • Polk Parking Garage

    5.23 miles

  • Blue Lot

    5.26 miles

  • Parking Lot J

    5.85 miles

  • Parking Lot C

    6.00 miles

  • Parking Lot R

    6.10 miles

  • Parking Lot B

    6.11 miles

  • Parking Lot BB

    6.12 miles

  • Gow B. Fields Park & Ride

    9.63 miles

  • Miss addison

    4.42 miles

  • Robert lamothe

    4.44 miles

  • Holiday Inn Express & Suites Bartow

    4.55 miles

  • Holiday Inn Express & Suites Lakeland South

    5.27 miles

  • Courtyard by Marriott Lakeland

    6.13 miles

  • Residence Inn by Marriott Lakeland

    6.15 miles

  • Home2 Suites by Hilton Lakeland

    6.42 miles

  • The Terrace Hotel

    6.92 miles

  • SpringHill Suites

    7.04 miles

  • Hyatt Place

    7.12 miles

  • Publix Super Markets

    0.24 miles

  • Highland City Town Center

    0.24 miles

  • Publix

    2.77 miles

  • Bealls

    3.45 miles

  • Publix - Lake Miriam

    4.54 miles

  • Publix

    4.75 miles

  • Greenwise Market

    4.80 miles

  • Big Lots

    4.82 miles

  • Bartow Shopping Center

    4.89 miles

  • Publix

    5.07 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Craig Morby

SVN | Saunders Ralston Dantzler