5520 3rd Street Lakeland Florida | Home for Sale
To schedule a showing of 5520 3rd Street, Lakeland, Florida, Call David Shippey at 863-521-4517 TODAY!
Lakeland, FL 33812
- 4Beds
- 4.00Total Baths
- 0 Full, 0 HalfBaths
- 1,800SqFt
- 2005Year Built
- 1.31Acres
- MLS# TB8344133
- Income
- MultiFamily
- Active
- Approx Time on Market5 months, 18 days
- Area33812 - Lakeland
- CountyPolk
- Subdivision Haskell
Overview
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 homeswill be fully tenant-owned by 2026and 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. Dont miss out on this exceptional opportunity to secure a solid, income-generating asset in a rapidly growing market!
Agriculture / Farm
Association Fees / Info
Community Features: StreetLights
Senior Community: No
Association: ,No,
Bathroom Info
Total Baths: 4.00
Building Info
Window Features: WindowTreatments
Roof: Other
Buyer Compensation
Exterior Features
Pool Private: No
Exterior Features: Lighting
Fees / Restrictions
Financial
Gross Income: 54,428
Expense Tenant: Electricity, Water
Original Price: $657,500
Garage / Parking
Open Parking: No
Attached Garage: No
Garage: No
Carport: No
Green / Env Info
Interior Features
Fireplace: No
Floors: Laminate, Vinyl
Spa: No
Laundry Features: WasherHookup, ElectricDryerHookup, Inside
Interior Features: BuiltInFeatures, LivingDiningRoom, SplitBedrooms, WalkInClosets, WindowTreatments
Lot Info
Direction Remarks: US 98 South to Clubhouse Road to Address.
Lot Size Units: Acres
Lot Size Acres: 1.31
Lot Sqft: 56,876
Misc
Other
Special Conditions: None
Other Rooms Info
Property Info
Section: 14
Class Type: MultiFamily
Property Sub Type: MultiFamily
Property Attached: No
New Construction: No
Construction Materials: MetalFrame
Foundation: PillarPostPier
Human Modified: Yes
Sqft Info
Sqft: 1,800
Living Area Units: SquareFeet
Living Area Source: Owner
Tax Info
Tax Year: 2,024
Tax Lot: 1
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 Block: 7
Tax Annual Amount: 3730.74
Tax Book Number: 1-5A
Unit Info
Total Units: 8
Utilities / Hvac
Heating: Central
Water Source: Public
Sewer: SepticTank
Cool System: CentralAir
Cooling: Yes
Heating: Yes
Utilities: ElectricityConnected, WaterConnected
Waterfront / Water
Waterfront: No
View: No
Directions
US 98 South to Clubhouse Road to Address.This listing courtesy of Future Home Realty Inc
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identify prospective properties consumer may be interested in purchasing. Any information relating
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program of the My Florida Regional MLS DBA Stellar MLS. XCELLENCE REALTY, INC is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of XCELLENCE 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.
MLS IDX data last updated on 07-28-2025 7:25 PM EST.
If you have any questions on 5520 3rd Street, Lakeland, Florida, please call David Shippey at 863-521-4517.
MLS# TB8344133 located at 5520 3rd Street, Lakeland, Florida is brought to you by David Shippey REALTOR®
5520 3rd Street, Lakeland, Florida has 4 Beds, 0 Full Bath, and 0 Half Bath.
The MLS Number for 5520 3rd Street, Lakeland, Florida is TB8344133.
The price for 5520 3rd Street, Lakeland, Florida is $627,500.
The status of 5520 3rd Street, Lakeland, Florida is Active.
The subdivision of 5520 3rd Street, Lakeland, Florida is Haskell.
The home located at 5520 3rd Street, Lakeland, Florida was built in 2025.
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