E Magnolia St, Lakeland, FL 33801
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E Magnolia St, Lakeland, FL 33801
$326,352
E Magnolia St, Lakeland, FL 33801
5
Beds
3
Baths
2,851
Sqft
1973
Year Build
Proforma Summary:
Fix & Flip
Estimated ARV: $450,000
Buy & Hold
Monthly Rent: $2,900
Cash Flow After PITI: $2,165
Renovation Level:
Estimated Rehab: Medium
Roof Age: 2024
AC Age: 2016 | 2017
Key Details:
Multi Unit Property
HOA: None
Lot Size: 0.32 Acres
Garage Type: N/A
Construction Type: Block
Vacancy: Owner Occupied
Unit Breakdown
| Unit | Bed/Bath | Living (Sqft) | Gross (Sqft) | Proforma Rent |
|---|---|---|---|---|
| 2438 E Magnolia St, Lakeland, FL 33801 | 3/2 | 2,011 | 2,099 | $1,800 |
| 2436 E Magnolia St, Lakeland, FL 33801 | 2/1 | 840 | 990 | $1,100 |
About This Property:
25K Entry with 3.1% Interest & High Cash Flow - Two Fully Separated Houses with Newer Systems
Located in a calm and high-demand rental area of Lakeland, this unique property features two fully separated living houses with private entrances and all utilities in place, making it an ideal option for maximizing cash flow. With a low $25K entry and an attractive 3.1% interest rate, this deal offers strong positive income potential from day one. Major systems are in solid condition, including a newer roof and well-maintained AC, making it a relatively low-risk investment. Whether you’re looking for a buy & hold or a fix & flip, this is an excellent opportunity with strong upside in a growing Lakeland market.
Terms and Conditions:
All offers are Cash or Private Lender Only. $5000 non-refundable deposit required for purchase up to $300,000, $10,000 non-refundable deposit required for purchases over $300,000. Properties are sold AS-IS with NO inspection period; Please inspect first. Buyer pays all closing costs for buyer and sellers Rehab Estimate, Projected Rent, and ARV are ESTIMATES based upon the analysis and opinion of SafetyNet Group. Actual repair cost, rent, and/or ARV may vary. Taxes, Insurance, and Closing Cost are estimates. Actual cost may vary. SafetyNet Group has an equitable interest in this property and is advertising the sale of this interest.