Lakeland Villas
This project is in Lakeland, FL, just about halfway between Orlando and Tampa. According to many national real estate publications, Lakeland is one of the highest demand residential cities in the Country. This property consists of 2 separate duplex properties, renovated / combined, aesthetically, “as one”, creating yet another Dein II rental “community”.
Within just 7 weeks of closing on the purchase of both properties, 3 of the 4 units, plus the entire exterior of both properties, have been completely renovated, the rents increased, and 12 (and 24) month leases executed for full occupancy,
The 4th unit was under existing lease, thus will not be renovated until this tenant either moves out or opts for the upgrade and the increased rental rate.
Project Summary
- 2 separate duplex properties
- Renovated / combined, aesthetically "as one"
- Two 1 bedroom / 1 bathroom units
- Two 2 bedroom / 1 bathroom units