Multifamily | 3 Units

Presenting a rare multifamily investment opportunity in the heart of Lakeland, FL. This single-parcel portfolio features three distinct residential units on a spacious 0.51-acre lot, offering an immediate $3,000 monthly gross income ($36,000/year).

All three units have been renovated since 2020, providing a turnkey start for a "hold" investor or a solid foundation for a "fix and flip" specialist looking to capitalize on Lakeland’s rising property values. The property is zoned for Multiple MH Residences (DOR 0802) and features a strategic utility setup with separate Lakeland Electric meters for each unit, septic systems and a shared water meter paid by the owner.

Seller Financing: 20% down and balance amortized over 30 years with a 5-year balloon note. 

Investment highlights:

• Diversified 3-Unit Portfolio: Includes one Single Family Apartment and two Manufactured Homes on a single parcel.
• Strong Immediate Cash Flow: Fully occupied with a gross monthly rent of $3,000.
• Recent Renovations: All units updated after 2020, reducing immediate CAPEX needs.
• Investor-Friendly Utilities: Units are separately metered for electric (Lakeland Electric) and serviced by septic.
• Large Lot Value: Situated on a 0.51-acre lot with potential for future rent increases and value appreciation.

For information regarding the property, please contact the Listing Agent. To speak with a HOMESALE.PLUS representative about auction procedures, please call 410-441-5443 or help@homesale.plus.

Bidding will open at 12 Noon on Friday, July 3, 2026 and close at 4:00 pm on Monday, July 6, 2026.

Additional Auction Terms:

• 10% buyer's premium will be added to the winning bid.
• In order to receive a commission, Buyer's Agent must be registered as an agent on Homesale.plus prior to the time buyer places 1st bid. 
• Property is sold AS-IS, no inspection contingency.
• No financing contingency.
• Buyer pays all transfer & recordation taxes.
• 10% Earnest Money Deposit due at contract execution.