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3620 & 3622 WILLOW OAK Mulberry, FL 33860
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Key Details
Sold Price $155,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,050 sqft
Price per Sqft $147
Subdivision Not In A Subdivision
MLS Listing ID T3249506
Sold Date 09/09/20
Construction Status Financing
HOA Y/N No
Year Built 1988
Annual Tax Amount $677
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Fantastic Opportunity with 2 bedroom / 2 bath Duplex units that could each become 3 bedroom units that rent at $730/m now and could bring a higher rent up to $1000/m with improvements. ADDITIONAL DUPLEX BEHIND THIS ONE AVAILABLE FOR SALE. Rents are consistent with long term tenants in place. There is a 2nd Duplex on the adjacent property also for sale. WELL & SEPTIC systems in place for even lower monthly costs for tenants, all in great working order. The units passed a 4 point inspection in 2019 and carry low insurance costs with liability. New Electric panel on 3620 in 2019. New roof on both units in 2018. Current cap rate at 9% with potential to improve to 12% if improvements are made. Tenant pays electric. No HOA , No Deed Restrictions.
Location
State FL
County Polk
Community Not In A Subdivision
Interior
Heating Central
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Sliding Doors
Utilities Available Cable Available
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/4 Acre to 21779 Sq. Ft.
Sewer Septic Tank
Water Well
Structure Type Wood Frame
New Construction false
Construction Status Financing
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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