Cheap Lakeland Condo
Rental Return
Lakeland, FL 33809
Bedrooms: 2 Bathrooms: 1 SQFT: 840
Year: 1975 ARV: $40,000
Great location, literally minutes to the exit on I-4 and walking distance to Lake Gibson. Nice 2 bedroom and 1 bathroom unit that was remodeled in 2015 including kitchen with granite, bathroom and paint. Tenants are month to month and long term but low rent at $700 over the years. Rent should be $900. HOA is $410 a month but they take care of everything exterior. Pool, roof, tennis courts, painting, landscaping, and includes water. If you self manage this one and increase the rent amount to $900 you should see close to 12% returns. This one will be very popular at this price, so call if you have interest.
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