Three Triplex Investment
For Sale
$1,200,000
4106 WILLOW SOUTH DR, Mulberry, FL 33860
For sale package of three triplexes totaling nine units, currently 100% occupied.
Property Size6,096 SF
Days on Market115
Property Features for 4106 WILLOW SOUTH DR
General Information
Standard status
Active
Size
6,096 SF
Property subtype
Multi-Family 5+
Occupancy
100%
Additional Details
Multifamily Units
9
Taxes and HOA fees
Annual Taxes
$4,426
Building Details
Building Size
6,096 SF
Year Built
1980
Listing Agency:
SOUTHERN BELLE REALTY
Listed By:
Reta Stead · License #681291
(863) 299-7800
Source:
Judibeck
Added: Jul 1
Changed: Oct 11
Last Checked: Oct 21 at 5:02AM
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 SOUTHERN BELLE REALTY
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Investment Insights
Based on property information with market context.
This offering includes three triplex properties with a total of nine residential units. The unit mix spans multiple configurations, including 1-bedroom/1-bath and 2-bedroom/1-bath layouts, as described for 4106 Willow South Drive, 4116 Willow South Drive, and 3090 W Willow.
The properties are located at 4106 Willow South Drive, Mulberry, FL 33860, with the remaining triplex addresses included in the provided unit descriptions.
According to the seller’s remarks, the triplex portfolio is 100% occupied, providing an opportunity for an investor seeking long-term rental occupancy with existing tenancy.
The properties are located at 4106 Willow South Drive, Mulberry, FL 33860, with the remaining triplex addresses included in the provided unit descriptions.
According to the seller’s remarks, the triplex portfolio is 100% occupied, providing an opportunity for an investor seeking long-term rental occupancy with existing tenancy.
Key Highlights
- For sale package of three triplexes totaling nine units (100% occupied).
- Triplex unit mix includes 1‑bed and 2‑bed layouts across the 3 addresses listed.
- Cooling: central air.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,635
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,292,700
$1.3M
Cap Rate 7%
$923,357
$923.4K
Cap Rate 9%
$718,167
$718.2K
Market Conditions
NOI Build-Up for 6,096 SF
Gross rent
$98.8K $16.20/SF
− Vacancy
−$6.4K −$1.05/SF
EGI
$92.3K $15.15/SF
− OpEx
−$27.7K −$4.54/SF
NOI
$64.6K $10.60/SF
Area
Polk County, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,292,700
Cap Rate 7%
$923,357
Cap Rate 9%
$718,167
Alternative Uses
Best Use
Multifamily LT 5
$923.4K
$807.9K – $1.08M
NOI $64,635 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$824.9K
$721.8K – $962.4K
NOI $57,741 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,544 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
9
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
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Business Placement
Demographics for 33860, FL
24,932
Population
9,649
Households
2.6
Avg Household Size
36
Median Age
15%
College-Educated
83%
High-School Grad
98.4 sq mi
ZIP Area
253
Density / Sq Mi
$62,779
Median Household Income
$37,688
Median Earnings
$1,150
Median Rent
$221,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - For sale package of three triplexes totaling nine units, currently 100% occupied.
Where is this triplex located?
The property is located at 4106 WILLOW SOUTH DR Mulberry, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: For sale package of three triplexes totaling nine units (100% occupied).; Triplex unit mix includes 1‑bed and 2‑bed layouts across the 3 addresses listed.; Cooling: central air.
