1933 Josephine St Lakeland FL 33815
1 Car Carport
Ext Const: Block
Current Rent = 854/mo
Gross Rent ROI = 12%
Avg Rent = 975/mo
Potential Gross Rent ROI = 13%
Property Overview: Currently the 2nd CHEAPEST 3 Bedroom, Block home available in the entire Lakeland 33815 zip code. This property is currently cash flowing with tenants under market rent. The 5 year lease is over in March 2019. After performing a few repairs, the rent can be increased to market rent for a gross 13% ROI. Once the property is leased for a year, there will be enough equity to fully renovate the home for a quick flip.
Property Features include; Shingle roof, ceramic tile throughout the home, well maintained kitchen & bathroom, In tact Ac & Air Handler, utility room under carport with washer & dryer, well maintained septic with new drain field installed 7 years ago. Only minutes from Downtown Lakeland, and all Major Toll Roads. Call or email your Stonebridge agent for more details. This property is certain to sell quickly.
Rent Rehab: 5k
New drywall and paint in the utility room, misc cosmetics throughout the home.
Available on 5.26.2020
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