Polk St, Bartow, FL 33830
- 8-unit multifamily property
- Unit mix: 6 units (2 beds | 1 bath), 2 units (1 bed | 1 bath)
Asking Price: $990,000
Projected Monthly Rent: $9,500+
Projected Cap Rate: 8.3%+
Projected Rent Breakdown:
- 2/1 units – $1,250+ × 6 = $7,500
- 1/1 units – $1,000+ × 2 = $2,000
- Total: $9,500+ per month
Property Notes:
- 3 units currently vacant
- 1 unit requires full rehab
- Remaining units offer lease-up and stabilization potential
Key investment highlights:
- Strong rental upside through lease-up of vacant units
- Value-add opportunity with one unit ready for full renovation
- Ability to increase income to ~$9,500+ monthly once stabilized
- Desirable unit mix with majority 2-bedroom units
- Opportunity to improve overall asset performance through repositioning
- Solid cap rate potential for a small multifamily asset
This is a classic value-add multifamily play with vacancy and light rehab driving upside.
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