REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.

In-PersonVirtual Tour

Daisy Gonzalez

dgonzalez@homesunlimited.solutions +1(407) 378-5600

$ 1,299,000

Est. payment | -/mo

7,241 SqFt

Save Virtual Tour

$ 1,299,000

Est. payment | -/mo

Save Virtual Tour

7,241 SqFt

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 7,241 sqft

Price per Sqft $179

Subdivision Lake Hunter Heights

MLS Listing ID L4959665

Construction Status Completed

HOA Y/N No

Year Built 1977

Annual Tax Amount $10,226

Lot Size 0.440 Acres

Acres 0.44

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property Description

Located in the heart of Lakeland's highly desirable Dixieland District, this 9-unit multifamily property presents a strong income-producing opportunity with a proven, stabilized revenue stream. The concrete block building is constructed under one roof and consists of eight two-bedroom, one-bath units and one one-bedroom, one-bath unit. Each residence has been renovated and features durable, low-maintenance flooring throughout, making this a true turnkey investment. The property offers dedicated parking for each unit and an on-site laundry facility that provides added convenience for residents while generating additional income for the owner. Major capital improvements include a roof replacement in 2018 and air conditioning replacements in 7 of the 9 units within the past five years. Each unit is separately metered for electric and has its own hot water heater, while the landlord currently pays for water. With professional management already in place, no HOA restrictions, and strong operational fundamentals, this asset is well-positioned for both seasoned investors and those seeking a reliable 1031 Exchange opportunity in one of Lakeland's most established and charming neighborhoods. Seller financing considered with at least 50% down.

Location

State FL

County Polk

Community Lake Hunter Heights

Area 33803 - Lakeland

Zoning RA-4

Interior

Heating Central

Cooling Central Air

Flooring Luxury Vinyl

Appliance Refrigerator

Exterior

Parking Features Parking Spaces - 13 to 18

Utilities Available BB/HS Internet Capable, Electricity Available

Roof Type Shingle

Building

Lot Description Corner Lot, City Limits, Landscaped, Near Public Transit, Sidewalk, Street Lights, Paved

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public, See Remarks

Structure Type Concrete

New Construction false

Construction Status Completed

Others

Ownership Corporation

Acceptable Financing Cash, Commercial Financing, Owner Financing, Private Financing Available, Small Business Administration

Listing Terms Cash, Commercial Financing, Owner Financing, Private Financing Available, Small Business Administration

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4959665

Listed by Carla Morey LAKELAND HOMES AND REALTY, LLC

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(407) 378-5600

dgonzalez@homesunlimited.solutions

8803 Futures Drive Unit 10A, Orlando, Florida, 32819, USA

1005 S NEW YORK AVE Lakeland, FL 33803

Daisy Gonzalez

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

GET MORE INFORMATION

Go tour this home

1005 S NEW YORK AVE