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1647 Goodyear Avenue
Lakeland, FL 33801
Asking Price
$4.10M
Cap Rate
6.64%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
6.64% Taxes Adjusted Cap Rate l 28-Units I Lakeland, FL <ul><li>1980's single story, concrete block</li><li>Majority two-bedroom units</li><li>Washer/Dryer hookups in-unit</li><li>Tenants pay their own electric and reimburse for water, sewer and trash</li><li>Near major demand drivers and employment centers</li><li>Within 1.50-miles of the Polk Parkway, US-92 and US-98 providing easy access throughout Central Florida</li><li>In proximity to colleges, hospitals, restaurants, shops, lakes, parks and entertainment</li><li>Close to major employer
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NOI
$80,000
Cap Rate
1.95%
DSCR
0.33
Underwater
Cash-on-Cash
-13.29%
Monthly Payment
$20,284.563
Annual Cash Flow
$-163,414.756
