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Mulberry Multifamily Investment Opportunity

100 10th Ter NE, Mulberry, FL 33860

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For Sale

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10-unit multifamily property in Mulberry, Florida with value-add potential.

Type:Multifamily

Property size:

6,720 SF

Lot size:

1.00 Acre

Price / SF:

$163/SF

HighLights

Value‑add opportunity through renovation and filling vacancies.
10‑unit property consisting of five duplex buildings.
All units are traditional 2‑bedroom, 1‑bathroom layouts.
Located in Mulberry, Florida, only 5 minutes from Lakeland.
Buildings have been pressure washed and sit on almost 1 acre.
Excellent connectivity via N Church Ave/SR 37, with access to State Road 60 and Florida Ave.

We can help!

Contact an agent

Craig Morby

For Sale

Contact for pricing

10-unit multifamily property in Mulberry, Florida with value-add potential.

Type:Multifamily

Property size:

6,720 SF

Lot size:

1.00 Acre

Price / SF:

$163/SF

Added:: Feb 11, 2026
Days on Market:: 136
Last Refresh:: Mar 17 at 1:15 pm

Property Features for 100 10th Ter NE

General Information

Standard status: Active
Size: 6,720 SF
Lot size: 1.00 Acre
Property subtype: Multifamily

We can help!

Contact an agent

Craig Morby

Listing office Saunders Real Estate

Listing date Feb 11, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Saunders Real Estate

HighLights

Value‑add opportunity through renovation and filling vacancies.
10‑unit property consisting of five duplex buildings.
All units are traditional 2‑bedroom, 1‑bathroom layouts.
Located in Mulberry, Florida, only 5 minutes from Lakeland.
Buildings have been pressure washed and sit on almost 1 acre.
Excellent connectivity via N Church Ave/SR 37, with access to State Road 60 and Florida Ave.

Overview

This 10-unit multifamily property in Mulberry, Florida, presents a value-add investment opportunity. The asset consists of five duplex buildings, each featuring traditional 2-bedroom, 1-bathroom units. A portion of the units have been fully renovated, and several others are undergoing rehabilitation. Vacancies are present due to a recent management change and deferred maintenance, offering a direct value-creation opportunity for a new owner. The buildings have been pressure washed and are situated on almost 1 acre. Separate parking is available for each building, and the property includes a central mailbox system. The location offers connectivity via N Church Ave/SR 37 in Mulberry. State Road 60, which runs east and west through the state, and SR 37, also known as Florida Ave, runs through Lakeland.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$123.4k	$18.36
− Vacancy	−$7.6k	−$1.14
EGI	$115.7k	$17.22
− OpEx	−$52.1k	−$7.75
NOI	$63.7k	$9.47

6,720 SF · lease $18.36/SF/yr · vacancy 6.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$909.3K

$795.6K – $1.06M (±1% cap)

NOI $63,651 @ 7.0% cap · market cap 5.79%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $113,041 @ 7.0% cap · market cap 10.28%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Mulberry
County: Polk
State: Florida
Longitude: -81.9730657
Latitude: 27.902423

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For sale
Apartment buildings
FL
Mulberry
33860
100 10th Ter NE

What type of property is this?

Apartment building - 10-unit multifamily property in Mulberry, Florida with value-add potential.

Where is this apartment building located?

The property is located at 100 10th Ter NE Mulberry, FL.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Value‑add opportunity through renovation and filling vacancies.; 10‑unit property consisting of five duplex buildings.; All units are traditional 2‑bedroom, 1‑bathroom layouts.