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1805 Reynolds Rd, Lakeland, FL 33801

$380,000

  • Sold
  • Closed
  • Multi-Family
  • 18 Units
  • 1.1019 Acres
1805 Reynolds Rd, Lakeland, FL 33801 View this property at 1805 Reynolds Rd, Lakeland, FL 33801
1805 Reynolds Rd Lakeland FL 33801

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Map & Location

Property Description

Possible Owner Financing Available!!Owner is Motivated!! 14% Cap Rate!!Excellent Investment with Great Cash Flow!! Immediately start earning a great return on your investment by owning an 18 unit cash flowing property. Gross annual income is $92,160, expenses $31,792, for an annual NOI of $60,368!!! This 1+ Acre property consists of 9 duplexes, for a total of 18 units, each with separate electrical meters. Large paved parking area, common area lighting, some units have been completely remodeled. Some tenants have lived here 30+ years!

Full Property Details for 1805 Reynolds Rd

  • Sold For: $380,000
  • Taxes: $6,204
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: T2563318
  • Added: 1, 594 day(s) ago

Property History

  • 1805 Reynolds Rd, Lakeland, FL
  • Sold at $380,000 on 10/18/13
  • Reduced to $432,000 on 9/10/13
  • Reduced to $495,000 on 8/7/13
  • Reduced to $540,000 on 6/15/13
  • Reduced to $576,000 on 4/22/13
  • Listed at $600,000 on 4/6/13

Interior

  • Appliances: Range, Refrigerator, Hot Water Electric
  • Flooring: Ceramic Tile

Parking

  • Garage: Yes
  • Garage Description: Open Parking

Location

  • Area: Lakeland
  • County: Polk
  • Subdivision: LAKE CRYSTAL FARM TRACTS
  • Driving Directions: FL 570 Polk Pky to US 98 South Bartow Rd, left onto CO RD 540A Winter Lake Rd, left onto Reynolds Rd, go approx 1.8 miles to property on left.

Community

  • Pets Allowed: Yes

Heating & Cooling

  • Cooling Type: Wall Units/Window
  • Heating Type: Wall Units / Window Unit

Utilities

  • Water: COUNTY WATER
  • Utility Description: County Water, Electric, Sewer

Structural Information

  • # Buildings: 9
  • Architectural Style: Five or More
  • Construction: Stucco, Other
  • Roof: Shingle
  • Square Feet: 7,020
  • Year Built: 1971

Lot Features

  • Lot Size (Acres): 1.1019
  • Lot Dimensions: 480' x 100'

Water Features

  • Water Front Desc.: ,

Financial Considerations

  • Tax Amount: $6,204

Disclosures and Reports

  • Legal Description: LAKE CRYSTAL FARM TRACTS PB 7 PG 31 LOT 4 & 5 N 100 FT OF S 4007.87 FT OF E 500 FT LESS R/W

Listed by Maven Estates, Llc
Sold by Global Realty Group Inc

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1805 Reynolds Rd, Lakeland, FL 33801 (MLS# T2563318) is a Multi-Family property that was sold at $380,000 on October 18, 2013. Want to learn more about 1805 Reynolds Rd? Do you have questions about finding other Multi-Family real estate for sale in Lakeland? You can browse all Lakeland real estate or contact a Coldwell Banker agent to request more information.

Listed by Maven Estates, Llc
Sold by Global Realty Group Inc

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