tomo logo

$125,000

Beds
2
Baths
1.0
sq ft
480

2306 E Magnolia St, Lakeland, FL 33801

2306 E Magnolia St

LAKELAND, FL 33801

  • 366 days on market
"Cash Flow Carnival - Double Trouble Edition! Are you ready to dive into the thrilling world of real estate, where adventure and cash collide? Behold, the Investor Special of your wildest dreams – not one, but TWO mobile homes on a single lot! Now, we know what you're thinking, "Double the trouble, double the fun!" These homes are already in high demand, playing host to month-to-month tenants. But wait, there's more! These homes come with their very own makeover story. Picture it: HGTV meets a mobile home marathon. Renovation enthusiasts, prepare for your ultimate challenge! Both homes are in desperate need of some TLC, but don't worry, we've heard that paintbrushes and power tools make great companions. Now, let's talk numbers. You're not just buying a couple of homes; you're buying a golden ticket to financial freedom! With a staggering 13 cap rate, this investment is like hitting the jackpot at the real estate casino. Cash flow galore, baby! But here's the kicker, folks – to join the Cash Flow Carnival, you must bring one guest, and that guest is none other than Mr. Cash himself! That's right, you'll need to pay cash to play, but trust us, it'll be the best money you ever spend. So, if you're ready to embrace the wild, wacky world of mobile homes, tenants with stories for days, and a chance to make your cash work harder than ever, this Investor Special is calling your name. But remember, this isn't just an investment; it's a front-row seat to the greatest show on earth – the Cash Flow Carnival!"

Details

Property type

Mobile Home

Type

Single Wide

Lot size

6,882 sq ft

Price per sq ft

$261

Year built

1968

Annual property taxes

$1,619

Price History

09/20/2023
StellarMLS

StellarMLS #L4939580

Listed
$125,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$70,610
Asking price
$125,000
Closing costs (~8% of asking)
-$10,000
Est. remaining loan balance
-$44,390
Cash to seller
$70,610

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Strategic Investments Lakeland Llc

Loan start date

August 2022

Original loan amount

$59,000

Est. remaining balance

$44,390

Interest rate

5.51%

Loan type

Not Provided, 7 year

Seller

Harley David Tallent

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/20/2024 at 10:30 AM

Listing updated: 02/08/2024 at 10:12 AM

Listed by: Jennifer Ketchum, S & D REAL ESTATE SERVICE LLC Phone #: (863) 824-7169

MLS: StellarMLS #L4939580

StellarMLS logo

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