Great Tenant Occupied Cash-Flowing Duplex – 6.4% Cap Rate!

Quick Summary

Purchase Price
$249,900
Capitalization Rate
6.4%
Cash on Cash Return
1.7%
Total Return on Investment
26.1%

944 Buccaneer Drive, Lakeland, FL 33801

4 beds
2 baths
1,767 sqft
  • We are delighted to present a fantastic block construction duplex that’s sure to catch your eye.
  • This outstanding property boasts two separate units, each offering 2 bedrooms and 1 bathroom, featuring ceramic tile throughout.
  • Roof was replaced within the past year.
  • Currently, Unit 1 rents for just $1,000, and Unit 2 for $1,100.
  • Perfect for an investor looking to maximize their return or an owner-occupant buyer, who can live in one side and allow the tenant to assist in paying the mortgage.
  • Conveniently located, you’ll find yourself just minutes away from the vibrant Lakeland Square Mall, offering a plethora of shopping and dining options.
  • Plus, nearby beautiful Lake Parker Park provides a picturesque setting for outdoor activities, picnics, and relaxation.
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