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5520 3rd Street Se, 
Lakeland, FL 33812

$627,500


4

Beds


4

Baths


1,800

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Audrey Johnson

Future Home Realty Inc

Last updated:

July 9, 2025, 05:29 PM

MLS#

TB8344133

Source:

MFRMLS

About This Home

5520 3rd Street Se

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:*Gross Revenue: $54,428 *Estimated Expenses: $12,160 * NOI $42,260 and CAP Rate 6.73% *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: Your proforma Cap Rate 8.5% 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!

Home Facts

Multi-Family

4 Baths

4 Bedrooms

Built in 2005

Price Summary

627,500

$348 per Sq. Ft.

MLS #:

TB8344133

Last Updated:

July 9, 2025, 05:29 PM

Added:

5 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

4

Interior

Living Area:

1,800 Sq. Ft.


Structure

Structure

Building Area:

1,800 Sq. Ft.

Year Built:

2005


Lot

Lot Size (Sq. Ft):

56,876


Finances & Disclosures

Finances

Price:

$627,500

Price per Sq. Ft:

$348 per Sq. Ft.

MLS Logo
The information being provided by My Florida Regional MLS DBA Stellar MLS. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the My Florida Regional MLS DBA Stellar MLS.. Future Home Realty Inc is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Future Home Realty Inc, a broker participant of My Florida Regional MLS DBA Stellar MLS.. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by My Florida Regional MLS DBA Stellar MLS. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2025 My Florida Regional MLS DBA Stellar MLS.. All rights reserved.

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