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
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.