$1,200,000

108 Lake Hunter Drive, Lakeland, FL 33803

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$1,200,000

108 Lake Hunter Drive Lakeland, FL 33803 - LAKE HUNTER

For Sale MLS# O6139934

Commercial

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Data current as of 13/04/2024 16:48:59

Details for 108 Lake Hunter Drive

MLS# O6139934

Description for 108 Lake Hunter Drive, Lakeland, FL, 33803 - LAKE HUNTER


OVATION AT LAKE HUNTER, a 24-unit Apartment complex with 2 12-unit buildings fully entitled with site plan approved, building permit, water and wastewater permits in place in Lakeland, FL. In the heart of the DixieLand area of Lakeland, with all public utilities available on-site. Highlights of OVATION AT LAKE HUNTER - Shovel ready Lakefront property offers all 24 units with 2 bedrooms and 2 bathrooms with a laundry room. Each unit 1200 Sft makes it one of the most desirable apartments in Lakeland. All Utilities available on-site and the Impact fees waived by Lakeland city and the school concurrency.***Seller Financing Available***Market Highlights – Per CostarSubmarket average 12 mo. Vacancy: 5.5%Submarket 12 mo. Asking rent growth: 18%Submarket projected Vacancy YE 2022: 5%Submarket projected asking rent growth YE2022: 9%

Listing Information


Property Type: Commercial

Status: Active

Lot Size: 1.92 Acres

Current Use: Commercial

County: Polk

Utilities


Water: Public

Sewer: Public Sewer

Other Utilities: Municipal Utilities

Exterior / Lot Features


Lot View: Lake,Water

Lot Dimensions: irregular

Additional Exterior/Lot Features: Flat, Level, Landscaped, Cleared, City Lot, Oversized Lot, Buildable, Rural Lot, Trees

Waterfront Details


Standard Water Body: LAKE HUNTER

Water Front Features: Lake, Lake Privileges

Community Features


Community Features: Sidewalks

Driving Directions


Lakeland Downtown - less than 2 milesHead west on E Walnut St toward S Indiana Ave - 253 ftSlight right onto Lake Morton Dr - 0.5 miTurn right onto E Palmetto St - 0.2 miTurn left onto S Missouri Ave - 0.3 miTurn right at the 3rd cross street onto Cresap St - 0.4 miContinue onto Lake Hunter Dr Destination will be on the left - 0.4 mTampa International AirportGet on E State Rd 60 E - 5 min (3.2 mi)Drive from I-4 E to Lakeland. Take exit 31 from I-4 E - 34 min (36.8 mi)Follow Kathleen Rd and FL-563 S to Lake Hunter Dr - 7 min (4.0 mi)

Financial Considerations


Terms: Cash,Conventional

Tax/Property ID: 23-28-24-000000-042030

Tax Amount: 850

Tax Year: 2022

Price Changes


$1,200,000 Original Price
$1,200,000 Current Price
$0Total Change
Date Price Change
02/27/2024 08.09 PM $1,200,000
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The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

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Schools nearby 108 Lake Hunter Drive

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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Schools nearby Grades Distance SchoolDigger® Rating i
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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