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1308 Tom Watson Road
Lakeland, FL 33801
Asking Price
$2.40M
Cap Rate
6.93%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
6.93% Taxes Adjusted Cap Rate l 16-Units l Lakeland, FL <ul><li><span style="color: rgba(74, 74, 77, 1)">Single story, concrete block</span></li><li><span style="color: rgba(74, 74, 77, 1)">All two-bedroom units </span></li><li><span style="color: rgba(74, 74, 77, 1)">Washer/Dryer Hookups in-unit</span></li><li><span style="color: rgba(74, 74, 77, 1)">Tenants pay their own electric and reimburse for water, septic and trash</span></li><li><span style="color: rgba(74, 74, 77, 1)">Near major demand drivers and employment centers </span></li><li><s
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NOI
$80,000
Cap Rate
3.34%
DSCR
0.56
Underwater
Cash-on-Cash
-8.66%
Monthly Payment
$11,849.153
Annual Cash Flow
$-62,189.839
