PLEASE SEE ATTACHED PROPERTY BROCHURE FOR ALL DETAILS! This sale encompasses two addresses, in two different parts of town. On the northside of Lakeland are 7 mobile homes located at US 98 North and West Socrum Loop Road. The second location is at 711 Nashville Road at Old Tampa Hwy and Memorial Blvd. This location has two homes.
The current owner purchased the two assets and has been renovating the units. There is a tremendous amount of upside with this asset, as 4 units are vacant, and the remainder under market. The vacant units are ready to rent and market rates are strong currently.
The proforma scenario represents a 13.61 cap rate with conservative Pro-forma rent expectation at $116,900.
The current owner purchased the two assets and has been renovating the units. There is a tremendous amount of upside with this asset, as 4 units are vacant, and the remainder under market. The vacant units are ready to rent and market rates are strong currently.
The proforma scenario represents a 13.61 cap rate with conservative Pro-forma rent expectation at $116,900.
Property Details
Price:
$675,000
MLS #:
O6297700
Status:
Active
Beds:
0
Baths:
0
Address:
1025 W SOCRUM LOOP ROAD
Type:
Commercial
Subtype:
Multi Family
Neighborhood:
33809 – Lakeland / Polk City
City:
LAKELAND
Listed Date:
Apr 8, 2025
State:
FL
Finished Sq Ft:
5,764
Total Sq Ft:
5,764
ZIP:
33809
Lot Size:
71,874 sqft / 1.65 acres (approx)
Year Built:
1980
See this Listing
I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Exterior
Construction Materials
Metal Frame
Roof
Metal
Financial
Tax Year
2024
Taxes
$6,828
Map
Community
- Address1025 W SOCRUM LOOP ROAD LAKELAND FL
- CityLAKELAND
- CountyPolk
- Zip Code33809
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Courtesy of SAUNDERS REAL ESTATE, LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Stellar MLS. All rights reserved. 1025 W SOCRUM LOOP ROAD
LAKELAND, FL
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