What is the asking price for 10 Unit - 5 Building Multifamily Property Opportunity?

The lease rate for space here is Contact for pricing.

What is the total size of 10 Unit - 5 Building Multifamily Property Opportunity?

The property has a total square footage of 6,720 SF.

When was this property built?

10 Unit - 5 Building Multifamily Property Opportunity was built in 1973.

How many parking spaces are available at 10 Unit - 5 Building Multifamily Property Opportunity?

Parking information for the property isn't currently listed. However, other nearby parking options include Adopotion Center Parking, located 3.99 miles away , and Visitor Parking, which is 4.04 miles away.

100 NE 10th Ter, Mulberry, FL 33860

For Sale $795,000
Property Type Multi-Family
Property Size 6,720 SF
Units 10
Lot Size 0.92 Acre
Year Built 1973
Date Updated Jul 27, 2026

Description

Located Just off N Church Ave/Hwy 37 in Mulberry.We are pleased to present this investment opportunity in Mulberry Florida, only 5 minutes from Lakeland. This is a 10-unit property offering tremendous value-add. The asset comprises five duplex buildings, all featuring traditional 2-bedroom, 1-bathroom units (a portion of which are fully renovated). The current vacancies, resulting from a recent management change and deferred maintenance, are a direct value-creation opportunity for a new owner. Several of the units have and continue to be rehabilitated. The buildings have all been pressure washed and the buildings sit on almost 1 acre. There is separate parking for each of the buildings, and the property has a central mailbox system. As for location, it has excellent connectivity via N Church Ave/SR 37 in Mulberry. State Road 60 runs east and west through the state, and SR 37 is also known as Florida Ave, which runs through Lakeland.

Highlights

4 vacant units at present, as new management company gets situated, with some units also needing renovation
5 duplex style structures on almost an acre of land with 10 units. Tremendous upside - current under market rents can be raised
All buildings have recently been pressure washed
All units are 2/1 traditional apartment and several of the units have been rehabbed - this work continues
Currently managed by a 3rd party company - could be transitioned to new owner management
Each structure has space for tenant parking. Central fenced trash receptacle on site, and there is a central mailbox area for the tenants
Great income opportunity, with proforma numbers conservatively reflecting north of $150,000 annually. Current rents are under market
Rent roll available
Tenants pay their own electric, Landlord pays water and sewer
There are code enforcement issues at the property, which are being addressed, as well other other issues from different properties tied to the entity. The brokers can provide more details
Utility Providers - TECO for electric, water and sewer provided by the City of Mulberry
Zoned RL-4, Unincorporated Polk County