Fairview Oaks
Closed1619 - 1655 Goodyear Ave, Lakeland, FL 33801
Property type
Multifamily
Unit / Space count
28
Price
N/A
Building size
23,868 sf
Rentable area
23,868 SF
Year built
1984
Year renovated
Occupancy
Zoning code
Sold/status
Sold · Date unknown
Unit mix
19x
2br
Bedroom count
Property description
Fairview Oaks is a 28 unit multifamily community located in Lakeland, FL which was recently ranked the 2nd fastest growing city in the US. The property features desirable 1984-1993 concrete block construction with pitched roofs and central HVAC. The asset includes a favorable unit mix of 68% large 2 bedroom, 2 bathroom floor plans with washer and dryer connections. Fairview Oaks offers an investor the ability to acquire a turn-key asset in a great Lakeland location. The nearby rent growth paired with nearby developments ensures continued rental success in the near and future market.
Property highlights
- 28 Unit Multifamily Community in Lakeland, Florida
- Part of a 44 Unit Two-Property Portfolio
- Sold to Out of State Buyer Making First Acquisition in Florida
- Generated Multiple Offers in Competitive Marketing Process
- Franklin Street Provided Financing and Insurance Services for the Buyer
- Centrally Located in Polk County, the 2nd Fastest-Growing Metro Area in the U.S. (U.S. Census Bureau)
- Located Within Miles of Dozens of Distribution Centers Along the I-4 Corridor Including Home Depot, Ace Hardware, Advance Auto Parts, Coca Cola, FedEx, and Rooms to Go