510 Silver St, Lakeland, FL 33805

CASH COW. 16% estimated cap rate. All the hard work has been done - time to collect rents! Full renovations on all units. This property consists of a 4 unit concrete block building and a wood frame single family house. The house is a 3 bed 1 bath with washer/dryer hookup. 4 Unit building consists of 4 studio apartments with 4 electric meters. Brand new ceramic tile flooring throughout the studios, new wall unit A/C's, new bathroom vanities and toilets. These units are durable and built to last. Fully transferrable termite warranties on both buildings, they were both tented for drywoods in 2014. Financial figures are estimated based upon 100% occupancy and 9% property management fees. Estimated $2,750 monthly rent roll, $33,000 annual. NET INCOME estimated at over $2,000 per month! Inquire for additional proforma information. 1 Unit already occupied, these units will fill up fast. CASH ONLY, priced for a quick sale at 16% CAP RATE