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Multifamily

1125 Olive Street

1125 Olive St, Lakeland, FL 33815

Listing Price: $575,000

Cap Rate
5.01%
GRM
11.59

Investment Overview

A 4-unit multifamily property in Lakeland, FL.

Investment Highlights

  • A 4-unit multifamily property in Lakeland, FL
  • All units fully remodeled with new flooring, kitchen and bathrooms
  • Attractive unit mix of two two-bedroom units and two one-bedroom units
  • Potential to develop an additional duplex on property
  • Significant proven upside potential with a 36.12% increase in Effective Gross Income possible by end of Year Two through continued unit interior and common area improvements
  • Located in Lakeland, which is ranked as the 2nd fastest-growing city in the nation (U.S. Census Bureau)
  • Lakeland is home to the headquarters of supermarket chain, Publix, the largest employer, providing more than 8,000 jobs between its head office and warehouse/manufacturing facilities
  • The 2030: Insight into Orlando's Future Report projects a 24.2% population growth in Polk County by 2030

Exclusively Listed By

Financing By

Multifamily

1125 Olive Street

Investment Highlights

  • A 4-unit multifamily property in Lakeland, FL
  • All units fully remodeled with new flooring, kitchen and bathrooms
  • Attractive unit mix of two two-bedroom units and two one-bedroom units
  • Potential to develop an additional duplex on property
  • Significant proven upside potential with a 36.12% increase in Effective Gross Income possible by end of Year Two through continued unit interior and common area improvements
  • Located in Lakeland, which is ranked as the 2nd fastest-growing city in the nation (U.S. Census Bureau)
  • Lakeland is home to the headquarters of supermarket chain, Publix, the largest employer, providing more than 8,000 jobs between its head office and warehouse/manufacturing facilities
  • The 2030: Insight into Orlando's Future Report projects a 24.2% population growth in Polk County by 2030

Investment Overview

A 4-unit multifamily property in Lakeland, FL.

Exclusively Listed By

Financing By

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