Multifamily Housing
4904 Malibu Court Lakeland, FL 33811
Details & Description
Price: $2,100,000
    Charming 18 Unit Multifamily Community on Private Cul de sac in the fast growing Lakeland market.? Property consists of 9 duplexes and an open lot with room for 4 additional units.? Each unit is a 2 bedroom 1 bath open floor plan with screened in porch and utility closet with washer/dryer hookups.? Over 80% of units have tile flooring throughout and have been meticulously maintained by owner who originally built the property in 1984.? Average rent for the property is $881 which is over $150 below similar properties in the area.? Rent can be increased with little to no capital expenditures or renovations.? This is a true value add deal.?
    Property Highlights
    Listing Agents
    Ray Turchi

    O: 407-557-3847
    ray.turchi@marcusmillichap.com
    David Vaughan
    Marcus and Millichap
    O: 407-557-3829
    david.vaughan@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    4904 Malibu Court

    Lakeland, FL 33811

    Listing ID: 275699
    • 4904 Malibu Court Lakeland, FL 33811 | for Sale | Photo 1
    • 4904 Malibu Court Lakeland, FL 33811 | for Sale | Photo 2
    4904 Malibu Court | for Sale | Thumbnail 1
    4904 Malibu Court | for Sale | Thumbnail 2
    Building Size: 15,084 SF
    Lot Size: 1.500 AC
    Land Size: 65,340 SF
    Building $/SF: $139.22
    Land $/SF: $32.14
    Price
    $2,100,000
    Property Highlights
    18 Units
    9 Duplexes
    Ideal 2 Bed 1 Bath Unit Mix
    Majority Units Have Tile Flooring Throughout
    Average Rent is Roughly $150 Below market
    Each Unit Has Personal Driveway and Screened In Porch
    Description

    Charming 18 Unit Multifamily Community on Private Cul de sac in the fast growing Lakeland market.? Property consists of 9 duplexes and an open lot with room for 4 additional units.? Each unit is a 2 bedroom 1 bath open floor plan with screened in porch and utility closet with washer/dryer hookups.? Over 80% of units have tile flooring throughout and have been meticulously maintained by owner who originally built the property in 1984.? Average rent for the property is $881 which is over $150 below similar properties in the area.? Rent can be increased with little to no capital expenditures or renovations.? This is a true value add deal.?

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Tampa History of Multifamily Housing for Sale

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    Lakeland Area Market Trends

    Listing Demographics for 4904 Malibu Court Lakeland, FL 33811

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 4904 Malibu Court in Lakeland?
    The asking price for 4904 Malibu Court is $2,100,000
    What is the building size of this Multifamily property in Lakeland, FL?
    The size of the building/unit at 4904 Malibu Court in Lakeland is 15,084 square feet
    How much land does the Lakeland, FL property at 4904 Malibu Court include?
    4904 Malibu Court in Lakeland includes 1.500 acres of land
    What is the population within 1 mile of 4904 Malibu Court in Lakeland?
    The population within 1 mile of 4904 Malibu Court Lakeland, FL 33811 is 6,025 people.
    Who do I contact for questions about 4904 Malibu Court?
    You should contact the listing agent, Ray Turchi, for any details regarding this commercial listing.

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