6 months on rocket

6065 Bay Ave SE, Lakeland, FL, 33812

$1,125,000

Home List Price

$10,000*

Closing Credit

0 Baths
7,420 SqFt
$152/SqFt
Multi

Location

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6065 Bay Ave SE, Lakeland$1,125,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingCommon, Driveway
Year Built1973
HeatingCentral, Other
CoolingCentral Air, Wall/Window Unit(s)
MLS #O6203342
Lot Size1.52 Acres
StatusActive

About 6065 Bay Ave SE

TREMENDOUS INCOME OPPORTUNITY! Located in one of the fastest growing areas of South Lakeland, this is multifamily development, consisting of 6 park owned mobile homes, and 7 single family (small) homes. The six mobile homes are part of the Florida Mobile Home Registry under Pa-pa Bears Mobile Home park. The other 7 homes are part of the same parcel - each have a separate mailing address. Current annual income of $131,580, with upside to grow to another 10% quickly. Lakeland and Polk County are among the fastest growing places in the U.S., as the City sits in the middle of Tampa and Orlando on the I-4 corridor. In the immediate area, new apartment developments have been built, and several shopping areas, including Publix, across the street. There are primary, middle and high schools very close by, and the main thoroughfare, US 98 stretches from the north side of Lakeland to the south side. The annual rental income is $131,560, and all expenses are detailed and accounted for, giving us a current cap rate of 8.26%

Property Details

Property Features

Property Information:

  • Year Built: 1973
  • Living Area: 7,420 SqFt

Listing Office:

  • Office Name: SVN SAUNDERS RALSTON DANTZLER REAL ESTATE
  • Office Phone: (863) 648-1528
  • Listing Agent: Craig Morby

Interior Features

Interior Information:

  • Interior: Other

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Private Mailbox

Parking Information:

  • Parking: Common, Driveway

Virtual/3D Tour

  • Virtual Tour: 6065 Bay Ave SE
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Lot Features

Lot Information:

  • Lot: Paved
  • Lot Size: 1.52 Acres

Utilities

Utilities Information:

  • Heating: Central, Other
  • Cooling: Central Air, Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Clubhouse Road/530 east toward US 98 to address.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,125,000
  • Price Per SqFt: $152/SqFt
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Housing Market Comparison

See how this home compares to others in Lakeland, FL.

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Lakeland, FL

City

Med. Sold Price

$316.2K

Med. Price/SqFt

$194

Avg. Days On Market

50

# of Sold Homes

171

6065 Bay Ave SE vs Lakeland

190 DAYS ON ROCKET

+140 Days

$1,125,000

+$808.7K More

$152/SqFt

-$43 Less

KEY TAKEAWAY

This property is $808.7K more than the Median Sold Price and $43/SqFt less than other homes in Lakeland, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #O6203342

Listing Office:

  • Office Name: SVN SAUNDERS RALSTON DANTZLER REAL ESTATE
  • Office Phone: (863) 648-1528
  • Listing Agent: Craig Morby

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

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IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 9:19:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$5,682

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,439

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-286892
5
/10

  • Highland City Elementary School

  • 5355 SE 9th St

  • 0.13 miles

  • Public District Grades PK-5

school-card-donut-286893
4
/10

  • Spessard L Holland Elementary School

  • 2342 Ef Griffin Rd

  • 1.51 miles

  • Public District Grades PK-5

school-card-donut-286894
7
/10

  • Valleyview Elementary School

  • 2900 E County Road 540A

  • 1.93 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,657. The majority of Lakeland, FL residents have income between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Lakeland, FL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Lakeland, FL.

The housing landscape in Lakeland is characterized by a mix of single-family homes, apartments, and townhouses, with single-family homes being the most prevalent. The architectural styles in the area are diverse, with a notable presence of modern, traditional, and ranch-style homes. A significant portion of the housing stock was developed from the 1980s to the early 2000s, reflecting a period of growth for the city. The homeownership rate in Lakeland is robust, with a majority of residents owning their homes, while a smaller percentage of the population opts for rental housing.

What is it like to live in Lakeland, FL?

Lakeland prides itself on its serene lakes and abundant green spaces, which contribute to the city's peaceful and family-friendly atmosphere. The community is celebrated for its annual events, such as the Sun 'n Fun Aerospace Expo, which showcases the city's passion for aviation and community engagement. The downtown area is known for its historic charm and is a hub for local gatherings and festivities.

Is it easy to get around Lakeland, FL without a car?

Lakeland offers a comprehensive range of services to its residents. The educational system includes numerous public and private schools, providing a variety of choices for families. Healthcare is well-supported by local hospitals and clinics that offer a range of services from primary care to specialized treatments. The city also boasts a network of public libraries and a vibrant retail and dining scene that reflects the local culture. City initiatives are in place to continually improve services to meet the evolving needs of Lakeland's diverse population.

Transportation in Lakeland, FL.

Transportation options in Lakeland cater to a variety of preferences, with a public bus system providing connections across the city. Ride-sharing services are readily available, offering an alternative to personal vehicle use. The city is designed to be navigable by car, with a network of roads and highways that facilitate commuting and travel. While certain areas of Lakeland are more pedestrian-friendly, efforts are being made to enhance walkability and bikeability throughout the city. Public transportation schedules are designed to accommodate peak hours, ensuring convenience for daily commuters.

Rocket Homes›Florida›Polk County›Lakeland›33812›6065 Bay Ave SE

This home is located at 6065 Bay Ave SE in Lakeland, FL and zip code 33812. This 7,420 square foot home, which was built in 1973, sits on a 1.52 acre lot. It has been listed on Rocket Homes since May 08, 2024 and is currently priced at $1,125,000.

Lakeland, FL housing market in October 2024 saw over 18 listings sold above listed price, more than 36 sold at listed price and over 117 sold below. The number of homes for sale in Lakeland, FL decreased by 1% between September 2024 and October 2024. While the average time on the market in October 2024 was 50 days, the median list price was $316,270.

From Rocket Homes Real Estate and based on county public records data.

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