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Wade M. Berlin

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Tropic Shores Realty
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  4. 301 3rd Terrace, MULBERRY, FL 33860
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301 3rd Terrace
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PRICED AT ONLY: $1,350,000

Address: 301 3rd Terrace, MULBERRY, FL 33860

Description

Income producing multifamily property! DE RISKED INVESTMENT: 12 Unit Portfolio + Expansion Land Delivered with 6 NEW ROOFS! Stop fighting the Florida insurance market. This high performing 12 unit complex is being re introduced to the market with a massive seller incentive: 6 Brand New Roofs to be completed prior to closing. By delivering the asset with new roofs, the seller is removing the #1 hurdle to financing and securing affordable insurance premiums. This 10%+ Cap Rate asset features 11 renovated units, individual HVACs, and massive upside. Sale includes an adjacent vacant parcel for future development or added amenities. Buy today, finance easily, and enjoy years of maintenance free ownership."

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  • MLS#: TB8460905 ( Residential Income )
  • Street Address: 301 3rd Terrace
  • Viewed: 186
  • Price: $1,350,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 0
  • Days On Market: 128
  • Additional Information
  • Geolocation: 27.8928 / -81.9765
  • County: POLK
  • City: MULBERRY
  • Zipcode: 33860
  • Subdivision: Crigler L N Add
  • Provided by: DIVINE REALTY AND ASSOCIATES LLC
  • Contact: Mendel Friedman
  • 718-954-2278
  • mfrmls
  • DMCA Notice

Description

Income producing multifamily property! DE RISKED INVESTMENT: 12 Unit Portfolio + Expansion Land Delivered with 6 NEW ROOFS! Stop fighting the Florida insurance market. This high performing 12 unit complex is being re introduced to the market with a massive seller incentive: 6 Brand New Roofs to be completed prior to closing. By delivering the asset with new roofs, the seller is removing the #1 hurdle to financing and securing affordable insurance premiums. This 10%+ Cap Rate asset features 11 renovated units, individual HVACs, and massive upside. Sale includes an adjacent vacant parcel for future development or added amenities. Buy today, finance easily, and enjoy years of maintenance free ownership."
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other
  • Living Area: 7584.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Rental Information
  • Tenant Pays: Electricity, Trash Collection, Water
Other Features
  • Country: US
  • Interior Features: Other
  • Legal Description: CRIGLER L N ADD PB 1 PG 43 BLK C LOTS 5 6 LESS N 75 FT & S 25 FT OF W 30 FT OF 7 & 8 N 88 FT OF W 30 FT & LOT 9 W 138.5 FT
  • Levels: One
  • Area Major: 33860 - Mulberry
  • Parcel Number: 23-30-11-156000-009051
  • Possession: Close Of Escrow
  • Views: 186
  • Zoning Code: R-1
Nearby Subdivisions
Crigler L N Add   East Mulberry Or A F Fletchers  

Contact Info

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  2. The Real Estate Professional You Deserve
  3. Mobile: 904.248.9848
  4. phoenixwade@gmail.com
Wade M. Berlin

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