123 Glenwood Drive, Lakeland, Florida 33805

Excellent upside 10% CAP – income producing property being sold together as a package. There are two addresses and parcel ID’s – the property has two mobile homes, and two single family homes. The two single family homes are wood frame – 842 ± SF and 570 ± SF. The two mobile homes are 516 ± SF and 672 ± SF. All are fully rented, and served by city water and septic. Great location near I-4 and US 98 North, just off of Lakeland Hills Blvd and the Lakeland medical corridor. Current rents are well below market rates – tenants are month to month. Projected pro-forma rents are $6, 450 per month and the pro-forma cap rate equates to 17%. Glenwood Drive runs off of Massachusetts, between N. Florida Ave and Massachusetts. Park at Palazzo apartment complex nearby, as well as retail, restaurants, hotels, the Lakeland Mall along busy US 98 and within a mile from the property.