5520 3rd Street Se, Lakeland, FL 33812

Local realty services provided by:Better Homes and Gardens Real Estate Synergy
5520 3rd Street Se,Lakeland, FL 33812
$589,500
Virtual Tour
  • 4 Beds
  • 4 Baths
  • 1,800 sq. ft.
  • Multi-family
  • Active
Listed by:audrey johnson
Office:future home realty inc
MLS#:TB8344133
Source:MFRMLS

Price summary

  • Price:$589,500
  • Price per sq. ft.:$327.5

About this home

Great Investment Opportunity with stable income stream in Lakeland/Highland City, Florida! Located in a prime area just off the high-traffic State Road 98, a walk distance to restaurants and shopping plaza. This well-maintained mobile home park offers a fantastic opportunity for both new investors or those looking to expand their portfolio. Key Features:(1) 8 total spaces include 2 rent-to-own homes—will be fully tenant-owned by 2026—and 5 tenant-owned homes with lot rent only) 1 vacant space with significant potential (2) Well-run park with strong tenant retention and consistent revenue streams. (3) Tenants are separately metered for water and electric City water with 3 septic tanks. Financials:*Gross Revenue: $54,428 *Estimated Expenses: $12,122 * NOI $42,305 and CAP Rate 7.18% *Potential for an additional $15,000+ in revenue by increasing lot rents and implementing trash charge-backs *Filling the vacant space could bring an additional $14,400-$16,800 annually. Investor

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Home facts

  • Year built:2005
  • Listing ID #:TB8344133
  • Added:231 day(s) ago
  • Updated:September 30, 2025 at 11:52 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Living area:1,800 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Year built:2005
  • Building area:1,800 sq. ft.
  • Lot area:1.31 Acres

Utilities

  • Water:Public, Water Connected
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$589,500
  • Price per sq. ft.:$327.5
  • Tax amount:$3,731 (2024)
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