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5520 3rd Street SE

LAKELAND, FL 33812

4 beds
4 baths
1,800 sqft
~1 acre lot
$365 per sqft
2005 build
– on site

Great Investment Opportunity with stable income stream in Lakeland/Highland City, Florida! Located in a prime area just off the high-traffic State Road 98, a walk distance to restaurants and shopping plaza. This well-maintained mobile home park offers a fantastic opportunity for both new investors or those looking to expand their portfolio. Key Features:(1) 8 total spaces include 2 rent-to-own homes—will be fully tenant-owned by 2026—and 5 tenant-owned homes with lot rent only) 1 vacant space with significant potential (2) Well-run park with strong tenant retention and consistent revenue streams. (3) Tenants are separately metered for water and electric City water with several septic tanks. Financials:*2024 Gross Revenue: $52,513 *Estimated Expenses: $12,776 *Potential for an additional $10,000+ in revenue by increasing lot rents and implementing trash charge-backs *Filling the vacant space could bring an additional $14,400-$16,800 annually. Investor Opportunity: Easily increase your cap rate with minimal effort. This property is ready for immediate returns with plenty of room for growth. Don’t miss out on this exceptional opportunity to secure a solid, income-generating asset in a rapidly growing market!

Listing courtesy of STELLAR_MLS / FUTURE HOME REALTY INC

Last checked: Checking… • Last updated Feb 19, 2025 •

MLS# TB8344133 —

The Building

Year Built:

2005
New Construction:

false
Construction Materials:

Metal Frame
Roof:

Other
Foundation Details:

Pillar/Post/Pier
# of Buildings:

2
Building Area Units:

Square Feet

Interior

Interior Features:

Built-in Features
Flooring:

Laminate
Fireplace:

false

Room Dimensions

Living Area:

1800
Living Area Units:

Square Feet
Living Area Source:

Owner

Location

Directions:

US 98 South to Clubhouse Road to Address.
Latitude:

27.965111
Longitude:

-81.875448
Coordinates:

-81.875448, 27.965111

The Property

Parcel Number:

242914283000020710
Property Type:

Residential Income
Property Subtype:

Multi Family
Lot Size Acres:

1.31
Lot Size Area:

1.3057
Lot Size SqFt:

56876
Lot Size Units:

Acres
Total Acres:

1 to less than 2
Zoning:

R-4
View:

false
Exterior Features:

Lighting
Water Source:

Public
Road Surface Type:

Paved
Flood Zone Code:

X
Additional Parcels:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

1
Tax Block:

7
Tax Legal Description:

HASKELL PB 1 PG 5A TIER 2 BLK 7 LOTS 1 3 THRU 8 & NLY 1/2 OF CLOSED ALLEY LYING SWLY OF LOT 1 & CLOSED ALLEY LYING BETWEEN LOTS 3 THRU 8
Tax Book Number:

1-5A
Tax Annual Amount:

3730.74

Beds

Bedrooms Total:

4

Baths

Total Baths:

4

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/TB8344133
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Electricity Connected
Sewer:

Septic Tank

Appliances

Laundry Features:

Electric Dryer Hookup

The Community

Subdivision Name:

HASKELL
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Spa:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

8

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/10/25 Feb 10, 2025	Listed / Active	STELLAR_MLS	$657,500	134.8% (26.1% / YR)
12/9/19 Dec 9, 2019		STELLAR_MLS	$280,000

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Similar sold homes

This multifamily located in Highland City, FL 33812 is currently for sale for $657,500. 5520 3rd Street SE is a 1,800 square foot multifamily with 4 beds and 4 baths that has been on Estately for 49 days. This multifamily is in the attendance area of Bartow Middle School, Bartow Elementary Academy, Highland City Elementary School, Union Academy Middle Magnet, and Bartow Senior High School.

Listing Courtesy of: STELLAR_MLS and FUTURE HOME REALTY INC.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.