Polk County, Lakeland, FL 33805

Up/down duplex — 2/1 + 1/1, private entries, two kitchens. 1,392 sfon a 9,448 sf double lot. Walking distance to Lakeland Regional Health. Zoned RB-1 (Two-Family), fully conforming. THE DEBT Take over ~$135,719 @ 2.75%. PITI $1,155.43/mo with escrow. ENTRY~$35K liquid — reinstatement ~$20K, assignment fee $5K, seller $3K,closing ~$3K, plus reserves. Rehab scoped at inspection. THREE WAYS TO EXIT 1. Hold — ~$2,350/mo validated rents, netting ~$655–840/mo stabilized after real expenses. 2. Retail flip — ARV $263–271K. Cheap debt carries the rehab. $15–40K net. 3. Co-living — 5–6 rooms at $208/wk avg = $1,765–2,430/mo over PITI. PadSplit's own calculator: $30,983 NOI, 15.5% return on cost. FULL TRANSPARENCY: Interior condition is unknown. There's a squatter in place and no interior access, so no one has seen inside. Sold strictly as-is —underwrite your rehab conservatively. Two open city HOUSING codecases suggest real deferred maintenance. WHAT YOU'RE TAKING ON• Squatter possession is the buyer's post-closing (priced in)• City code liens to cure — underwrite $5–15K, NEGOTIABLE• $7.8K HUD partial claim rides to payoff• **NON REFUNDABLE EMD: $1500