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302 Cresap Street, Lakeland, FL 33815
$345,000
302 Cresap Street, Lakeland, FL 33815View this property at 302 Cresap Street, Lakeland, FL 33815
302 Cresap StreetLakelandFL33815
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Property Description
SOLID RENTAL HOT SPOT IN DIXIELAND (Lakeland) ! Excellent investment opportunity for a 6 unit, fully occupied apartment complex in established and desirable central Lakeland. Walking distance to Lake Hunter, Dixieland shops and restaurant, Florida Southern College, and within a few minutes drive to the Polk Parkway and Interstate 4. 3 studio apartments and 3 1/1 apartments, with block construction and tiled floors. Tenured tenants with leases. Current gross rental income is $40,680 ($3390 per month), $9046 in expenses and an 8% cap rate. Opportunity exists to continue to being rents inline with going rates. No time like the present to start or enhance your portfolio.
Full Property Details
Full Property Details for 302 Cresap St
General
- Sold For: $345,000
- Taxes: $1,376 (2016)
- Status: Closed
- Type: Multi-Family
- MLS ID: L4723746
- Added to Site: 2, 393 day(s) ago
Rental Information
- Complex Features: Sidewalk
- Lease/Rent Term: 24 Months
Interior
- Flooring: Ceramic Tile
Exterior
- Exterior Features: Sidewalk
Parking
- Parking Features: None, Open
Location
- Area: 33815 - Lakeland
- County: Polk
- Township: 28
- Subdivision: KIBLERS SECOND ADD
- Driving Directions: South Fla Ave to Cresap Street - west on Cresap to property.
School Information
- Elementary School: Dixieland Elem
Community
- Home Owners Assn.: None
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Units / Window Unit
Utilities
- Utility Description: BB/HS Internet Available
Structural Information
- # Buildings: 1
- Exterior Const.: Block
- Roof: Shingle
- Square Feet: 3,550
- Sq. Ft. Source: Public Records
- Year Built: 1960
Unit Information
Unit 1
- Unit Description: 1 Bed/1 Bath
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Unit Description: Efficiency
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.27
- Lot Size (Sq. Ft.): 11,718
- Lot Dimensions: 85 x 137
- Lot Features: In City Limits, Street Paved; 1/4 Acre to 21779 Sq. Ft.
- Zoning: RA-4
- Lot Description: Mature Landscaping, Oak Trees
Financial Considerations
- Assoc Fee Desc.: None
- Tax Amount: $1,376
- Tax Year: 2016
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: None
- Legal Description: KIBLERS SECOND ADD PB 9 PG 46 BLK A LOT 1
- Flood Zone Info: X
- APN: 23-28-24-109500-001010
- Property ID: 23-28-24-109500-001010
- Plat: 9-46
- Range: 23
- Lot Number: 1
- Block/Lot/Section: A
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Schools
Schools serving 302 Cresap St
School District:Polk County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
416 Ariana St, Lakeland, FL 33803 | K-5 | 0.5 mi | |
2815 Eden Pkwy, Lakeland, FL 33803 | 6-8 | 1.4 mi | |
1100 Red Devil Way, Lakeland, FL 33815 | 9-12 | 2.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 302 Cresap St
Date
Details
Price
Change
Source
2/09/2018
Sold
$345,000
-12.44%
MLS
10/25/2017
Listed
$394,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
302 Cresap Street, Lakeland, FL 33815 (MLS# L4723746) is a Multi-Family property that was sold at $345,000 on February 09, 2018. Want to learn more about 302 Cresap Street? 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.