10 Unit - 5 Building Multifamily Property Opportunity

For Sale

100 NE 10th Ter, Mulberry, FL 33860

This Mulberry property for sale is located at 100 NE 10th Ter. The current listed sale price for 10 Unit - 5 Building Multifamily Property Opportunity is $795,000. 10 Unit - 5 Building Multifamily Property Opportunity is situated on a lot that is 0.92 acre in size.

Contacts

Craig Morby

Saunders Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 6,720 SF
  • Units 10
  • Lot Size 0.92 Acre
  • Year Built 1973
  • Date Updated Jul 2, 2026
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.
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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

Attachments

Getting around

  • 46/100

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  • 47/100

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Location

  • City Mulberry, FL
  • Zip Code 33860
  • Market Tampa St Petersburg Clearwater

Points of Interest

  • Chevron

    0.59 miles

  • BP

    0.68 miles

  • Wawa

    4.51 miles

  • 7-Eleven

    5.12 miles

  • South Fuel Farm

    5.97 miles

  • Circle K

    7.09 miles

  • Citgo

    7.24 miles

  • Speedway

    7.33 miles

  • Sam's Club Fueling Station

    7.39 miles

  • Adopotion Center Parking

    3.99 miles

  • Visitor Parking

    4.04 miles

  • Blue Lot

    7.79 miles

  • Polk Parking Garage

    7.87 miles

  • Parking Lot J

    9.03 miles

  • Parking Lot B

    9.09 miles

  • Parking Lot C

    9.14 miles

  • Parking Lot BB

    9.15 miles

  • Parking Lot R

    9.19 miles

  • Courtyard by Marriott Lakeland

    6.71 miles

  • Residence Inn Lakeland

    6.76 miles

  • Hampton Inn and Suites Lakeland-South Polk Parkway

    6.85 miles

  • Home2 Suites

    6.90 miles

  • Hilton Garden Inn Lakeland

    6.95 miles

  • Staybridge Suites Lakeland West

    6.99 miles

  • Holiday Inn Express & Suites Lakeland South

    7.00 miles

  • Holiday Inn Express & Suites Bartow

    7.87 miles

  • Hampton Inn Bartow

    8.05 miles

  • SpringHill Suites

    9.62 miles

  • Walmart Supercenter

    2.16 miles

  • Publix

    2.54 miles

  • Winn-Dixie

    2.58 miles

  • Big Lots

    6.00 miles

  • Marshalls

    6.68 miles

  • Target

    6.71 miles

  • Belk

    6.76 miles

  • Kohl's

    6.87 miles

  • Bealls

    7.18 miles

  • Highland City Town Center

    7.21 miles

Contact Listing Broker
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