1. Florida
  2. Lakeland
  3. 1025 W SOCRUM LOOP ROAD
$675,000

1025 W SOCRUM LOOP ROAD, Lakeland, FL 33809

  • 5,764 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1980
  • Property Lot Size Icon1.65acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $117/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

PLEASE SEE ATTACHED PROPERTY BROCHURE FOR ALL DETAILS! This sale encompasses two addresses, in two different parts of town. On the northside of Lakeland are 7 mobile homes located at US 98 North and West Socrum Loop Road. The second location is at 711 Nashville Road at Old Tampa Hwy and Memorial Blvd. This location has two homes. The current owner purchased the two assets and has been renovating the units. There is a tremendous amount of upside with this asset, as 4 units are vacant, and the remainder under market. The vacant units are ready to rent and market rates are strong currently. The proforma scenario represents a 13.61 cap rate with conservative Pro-forma rent expectation at $116,900.

Listing Status:
Active
Date Added:
April 8, 2025 at 05:00AM
Listing Office:
SAUNDERS REAL ESTATE, LLC : 863-648-1528
Listing Agent:
Craig Morby : 863-581-0059
MLS ID:
O6297700
  • A/C: Wall/Window Unit(s)

This listing courtesy of Craig Morby, SAUNDERS REAL ESTATE, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

R. Clem Churchwell Elementary School

8201 Park Byrd Rd, Lakeland, FL, 33810

Grades PK-5

1.06 miles away

L

Lake Gibsons Middle School

6901 N Socrum Loop Rd, Lakeland, FL, 33809

Grades 6-8

1.76 miles away

L

Lake Gibson Senior High School

7007 N Socrum Loop Rd, Lakeland, FL, 33809

Grades 9-12

2.06 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.