About 1025 W Socrum Loop Road
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.
Features of 1025 W Socrum Loop Road
| MLS® # | O6297700 |
|---|---|
| Price | $675,000 |
| Square Footage | 5,764 |
| Acres | 1.65 |
| Year Built | 1980 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Pending |
Community Information
| Address | 1025 W Socrum Loop Road |
|---|---|
| Area | Lakeland / Polk City |
| City | LAKELAND |
| County | Polk |
| State | FL |
| Zip Code | 33809-7204 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Fireplace | No |
Exterior
| Roof | Metal |
|---|---|
| Foundation | Crawlspace |
Additional Information
| Date Listed | April 8th, 2025 |
|---|---|
| Days on Market | 67 |
| Zoning | RL4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | SAUNDERS REAL ESTATE, LLC |
|---|