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SOLD: LAKELAND FL CASH COW! BUY, RENT OR RENT TO OWN 

Spacious 5 room, ½ bathroom, 1,732 sf Single Family Home converted to office space, PLUS ~600sf 1BR / 1BA Apartment, PLUS Detached Garage / Storage!​

​Multiple uses available, perfect for:

  • Dentist office, medical facility, massage studio, art studio, vet, hair salon, or acupuncture studio

  • Easily convertible to daycare or similar facility

  • +/- 10 parking spaces

  • Handicap parking (2 spots) and ramp

  • Bus Stop 100ft away

  • Fire hydrant across street (insurance deduction)

  • Large .29 acre lot

Property Evaluation:

  • Wholesale Price: $129,000

  • Estimated Rehab Costs: $5,000-10,000

  • Estimated Project Duration: 1 month

  • Buy and then sublet individual rooms for $300-500/mo x 5 rooms = $1500-2500/mo!

  • Rental income on apartment - $500-600/mo

  • Estimated After Repair Value (ARV): $210,000

  • Rental income = $3,000+ per month for 5x rooms, apartment, and garage!

Excellent location: 

  • Downtown Lakeland - business area

  • 1/4 mile to lake

  • Easy access from Gary Rd or Interlachen Pkwy

  • Across the street from park / greenspace

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