Nice brick duplex on large lot within city limits of Lakeland. Each unit is a 3BR/1BA currently rented for $450/month. Garage and utility rooms for both sides. Roof is relatively new (3 years), modern appliances, carpet and tile throughout. Value add opportunity here to raise rents significantly as market rents for similar rentals are $550. $10,800 monthly gross with 35% operating expenses make this a 7.02% cap rate at list price. At $550/rents proforma cap rate is 8.59%.
Off market
$182,900
1309 S Mill St, Lakeland, GA 31635
--beds
2baths
1,800sqft
MultiFamily
Built in 1999
-- sqft lot
$182,900 Zestimate®
$102/sqft
$1,028 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 2
Heating
- Other, Electric
Cooling
- Central
Appliances
- Included: Range / Oven, Refrigerator
Features
- Other-See Remarks
- Flooring: Tile, Carpet
Interior area
- Total interior livable area: 1,800 sqft
Property
Parking
- Total spaces: 1
- Parking features: Carport
Features
- Exterior features: Brick
Lot
- Size: 0.54 Acres
Details
- Parcel number: L120037
Construction
Type & style
- Home type: MultiFamily
Materials
- Foundation: Slab
- Roof: Asphalt
Condition
- Year built: 1999
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Lakeland
Other
Other facts
- Roof: Shingle
- Heating: Central Electric
- Cooling: Central Electric
- Exterior Features: Other-See Remarks
- Parking: Carport
- Road: Paved, City
- Frontage: Other-See Remarks
- Property Type: Duplex
- Type Mortgage: Other-See Remarks
- Utility Rm Type: In Garage/Carport
- Interior Features: Other-See Remarks
- Appliances: Other-See Remarks
- # Stories: One
- Construction: Brick Veneer
- Water: Public
- Sewer: Public Sewer
- Legal Desc: In Listing Office
- Tax ID: L12 0037
Services availability
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