5520 3rd St SE Lakeland, FL 33812
Property details
About 5520 3rd St SE
Great Investment Opportunity with stable income stream in Lakeland/Highland City, Florida! Located in a prime area just off the high-traffic State Road 98, a walk distance to restaurants and shopping plaza. This well-maintained mobile home park offers a fantastic opportunity for both new investors or those looking to expand their portfolio. Key Features:(1) 8 total spaces include 2 rent-to-own homes—will be fully tenant-owned by 2026—and 5 tenant-owned homes with lot rent only) 1 vacant space with significant potential (2) Well-run park with strong tenant retention and consistent revenue streams. (3) Tenants are separately metered for water and electric City water with several septic tanks. Financials:*2024 Gross Revenue: $52,513 *Estimated Expenses: $12,776 *Potential for an additional $10,000+ in revenue by increasing lot rents and implementing trash charge-backs *Filling the vacant space could bring an additional $14,400-$16,800 annually. Investor Opportunity: Easily increase your cap rate with minimal effort. This property is ready for immediate returns with plenty of room for growth. Don’t miss out on this exceptional opportunity to secure a solid, income-generating asset in a rapidly growing market!
Highlights
Virtual tour
Summary
- MLS Number: TB8344133
- MLS Name: MFRMLS
- Office Name: FUTURE HOME REALTY INC
- Office Phone: (813) 855-4982
- Listing Agent: Audrey Johnson
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Last updated on: 4/9/2025, 10:20:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$657,500
5520 3rd St SE
$7,808
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Highland City Elementary School
Public District PK-5
0.5 mi
•5355 SE 9th St
4
Spessard L Holland Elementary School
Public District PK-5
1.2 mi
•2342 Ef Griffin Rd
8
Valleyview Elementary School
Public District PK-5
2.2 mi
•2900 E County Road 540A
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $84,478. Most Lakeland, FL residents have annual incomes between $35k-100k. Most families are married, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
College Football
Soccer
NASCAR
Where do the neighbors shop?
Express/Express For Men
Old Navy
Dick's Sporting Goods
Where do the neighbors go to eat?
Sonic
Jimmy Johns
Arbys
What do the neighbors drive?
Kia
GMC
Lexus
What do the neighbors listen to?
New Country
Adult Hits
Oldies
Frequently asked questions
Living in Lakeland, FL
About 5520 3rd St SE
This home is located at 5520 3rd St SE in Lakeland, FL and zip code 33812. This 1,800 square foot home, which was built in 2005, sits on a 1.31 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 10, 2025 and is currently priced at $657,500.
Lakeland, FL housing market in March 2025 saw over 43 listings sold above listed price, more than 64 sold at listed price and over 150 sold below. Between February and March 2025, Lakeland, FL real estate market has seen increase in the number of listings by 5.7%. The median list price of listings available in March 2025 was $324,983, while the average time on the real estate market was 60 days.