1/12

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1/12

Lakeland, FL 33815
Asking Price
$1.10M
Asset Type
Multifamily
Class
Class B

What's Special

Located at 1/12 in Lakeland, Florida, this multifamily property is situated within a established residential pocket characterized by a mix of single-family homes and small apartment clusters. The site offers proximity to local retail centers, grocery stores, and medical facilities concentrated along the nearby North Florida Avenue corridor. Residents benefit from straightforward access to Interstate 4, facilitating commutes to both the Tampa and Orlando metropolitan areas. The neighborhood features several community parks and public schools within a short driving radius, providing standard suburban infrastructure and essential services. The asset is structured for long-term residential leasing, suitable for investors seeking stable workforce housing opportunities. Given the central location between major employment hubs, the typical tenant profile consists of local service-sector employees, regional commuters, and small households prioritizing affordability and transit accessibility. The property’s configuration favors low-density multifamily use, catering to individuals or families looking for proximity to Lakeland’s commercial districts. Its positioning supports consistent occupancy driven by steady regional population growth and the demand for functional rental units within the Interstate 4 corridor.

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NOI
$80,000
Cap Rate
7.27%
DSCR
1.22
Tight
Cash-on-Cash
4.45%
Monthly Payment
$5,442.2
Annual Cash Flow
$14,693.602

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