1025 Socrum Loop Road
Brokerage Office: 863-676-0200
1025 Socrum Loop Road, LAKELAND, FL 33809
  • MLS#: O6297700 ( Commercial Sale )
  • Street Address: 1025 Socrum Loop Road
  • Viewed: 1
  • Price: $675,000
  • Price sqft: $117
  • Waterfront: No
  • Year Built: 1980
  • Bldg sqft: 5764
  • Days On Market: 40
  • Acreage: 1.65 acres
  • Additional Information
  • Geolocation: 28.1543 / -81.9725
  • County: POLK
  • City: LAKELAND
  • Zipcode: 33809
  • Provided by: SAUNDERS REAL ESTATE, LLC
  • Contact: Craig Morby
  • 863-648-1528
  • mfrmls
  • DMCA Notice
  • Description
    PLEASE SEE ATTACHED PROPERTY BROCHURE FOR ALL DETAILS! This sale encompasses two addresses, in two different parts of town. On the northside of Lakeland are 7 mobile homes located at US 98 North and West Socrum Loop Road. The second location is at 711 Nashville Road at Old Tampa Hwy and Memorial Blvd. This location has two homes. The current owner purchased the two assets and has been renovating the units. There is a tremendous amount of upside with this asset, as 4 units are vacant, and the remainder under market. The vacant units are ready to rent and market rates are strong currently. The proforma scenario represents a 13.61 cap rate with conservative Pro forma rent expectation at $116,900.
Property Location and Similar Properties
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Similar
Property Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Legal Description
  1. BEG 339.03 FT E OF SW COR OF NW1/4 OF NW1/4 CONT E 210 FT N 334.8 FT W 210 FT S 334.96 FT TO POB LESS R/W
Living Area
  1. 5764.00
Area Major
  1. 33809 - Lakeland / Polk City
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 23-27-12-000000-033120
Property Condition
  1. Completed
Property Type
  1. Commercial Sale
Road Frontage Type
  1. City Street
  2. Main Throrughfare
Roof
  1. Metal
Sewer
  1. Septic Tank
Tax Year
  1. 2024
Township
  1. 27
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/O6297700
Water Source
  1. Public
  2. Well
Year Built
  1. 1980
Zoning Code
  1. RL4
  1. Legacy Real Estate Center Inc
  2. Dedicated to You! Dedicated to Results!
  3. 863.676.0200
  4. dolores@legacyrealestatecenter.com