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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 33801View this property at 1805 Reynolds Rd, Lakeland, FL 33801
1805 Reynolds RdLakelandFL33801

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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 Detailsfor 1805 Reynolds Rd

General

  • Sold For: $380,000
  • Taxes: $6,204
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: T2563318
  • Added: 1, 871 day(s) ago

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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Your Property Information

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Schools

Schoolsserving 1805 Reynolds Rd

School District:Polk County Public Schools
School Name
Grades
Distance
Oscar J. Pope Elementary School
2730 Maine Ave, Lakeland, FL 33801
PK-5
1.1 mi
Crystal Lake Middle School
2410 N Crystal Lake Dr, Lakeland, FL 33801
6-8
1.3 mi
George W. Jenkins Senior High School
6000 Lakeland Highlands, Lakeland, FL 33813
9-12
4.8 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales Historyfor 1805 Reynolds Rd

Date
Details
Price
Change
Source
10/18/2013
Sold
$380,000
-12.04%
MLS
9/10/2013
Price Reduced
$432,000
-12.73%
MLS
8/07/2013
Price Reduced
$495,000
-8.33%
MLS
6/15/2013
Price Reduced
$540,000
-6.25%
MLS
4/22/2013
Price Reduced
$576,000
-4%
MLS
4/06/2013
Listed
$600,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Community Info

Community Infofor 1805 Reynolds Rd

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

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.