Multifamily | 4 Units 

Seeking a high-potential addition to your real estate portfolio? This four-parcel multifamily assembly in Lakeland offers immediate cash flow with significant value-add potential. Located along N. Socrum Loop Rd, these properties have been remodeled internally since 2020 and sit in a prime growth corridor.

Portfolio Highlights

This unique collection of single-family and manufactured housing provides a diversified income stream:

• PARCEL 1: A 1,200 sq. ft. block home featuring a massive 2,100 sq. ft. garage/storage facility and a covered RV area.
• PARCELS 2 / 3 / 4: Three spacious manufactured homes (ranging from 960 to 1,344 sq. ft.) with strong rental histories.
• Untapped Revenue: Current gross monthly rent is $5,650, but with current rates trailing market value, there is immediate room for $100+ increases per unit. Additionally, the expansive storage garages present a "hidden" income stream, with a projected rental value of $200 per month each.

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

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 3:00 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.