Tanglewood St, Lakeland, FL 33801

Property Status: Available (Wholesale) | For Sale: $499,000.00

10 Bedrooms / 9 Baths / Multiple Family

Property Photos

HUGE REDUCTION- 10/8! Turn-Key Rented 10-Unit!!

Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $499,000.00
Property Details:
10 Bedrooms / 9 Baths / Multiple Family
Property Style:
Year Built:
Finished Sq Ft:
No Basement
Owner / Agent:
Property Features:
No Property Features Listed.
Contact Info
First Alliance Capital
(407) 668-4396

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Tanglewood Street, Lakeland, FL 33801 INVESTMENT: $499000 https://www.facsold.com/show_listing_details.php?prop_id=39841#photoDetails Monthly Rent: $4,450-5,550 +/- Average Market Rent: $630/month/unit Rehab: $0 +/- 10 bedroom / 10 bathroom 5,250 SqFt Built: 1967/1973 Construction: Block/Frame/Stucco HOA: $0 The property features 10 Units that are all in good rent-ready condition. Entire roof was replaced in 2014-2015. The units are only rented to mature adults with no children or pets allowed. The property recently had the septics tanks serviced. The property is routinely, preventatively treated for termites and pests. The landscaping is done once every two weeks. The property does not need any repairs or rehab. All tenants are on a 12 month lease. Eight 1 Bedroom 1 Bathroom Units 525 SqFt each. First Floor unit 525 SqFt. Top Floor unit 525 SqFt. Total Monthly income: $4,450 with 8 units currenty occupied. $5,550 when fully occupied. One storage unit & laundry room attached to bottom floor of the yellow building. Utilities: City water and 3 septic tanks. Tenants pay: Electricity. Monthly Maintenance cost: $350-400 average (Dumpster: $128/mo Landscaping: $100/mo Water: $150/mo). Parking: Onsite. Waste: Dumpster onsite. Ext Const: Yellow building: Block, Stucco; Grey building: Wood, Stucco. Tax/Yr: $2,445.69 CALL 407-668-4396 TODAY to schedule a showing!! We have an equity interest in this property and are selling the contract. All properties require cash or a private/hard money loan in order to purchase. No conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. Buyers will need to provide a $3,000 non-refundable deposit at time of contract. Seller will convey using an as-is contract, clear and marketable title with a warranty deed. All closings are with a licensed title company with Insurable Title. Buyer will be responsible for all closing costs unless otherwise indicated. Foster Algier Broker - Gold Key - G.R.I.. FLA Real Estate Services

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

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