$650,000
$689,000
5.7%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
8 Baths
4,524 SqFt
SOLD DATE : 04/24/2024
Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,524 sqft
Price per Sqft $143
Subdivision Castle Sub
MLS Listing ID L4942603
Sold Date 04/24/24
Bedrooms 8
Construction Status Financing,Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1976
Annual Tax Amount $5,385
Lot Size 0.460 Acres
Acres 0.46
Property Description
Discover a compelling investment opportunity with two duplexes (four units total) at 910/908/902/904 Castleway in South Central Lakeland, FL. Situated near South Florida Avenue and Edgewood Drive, these conveniently located properties offer easy access to Polk Parkway, Lakeside Village Shopping Mall, and various amenities, enhancing tenant appeal. The 910/908 duplex has been upgraded with new tile floors, modern white cabinetry, and stainless-steel appliances, while units 902/904 present an opportunity for value-add through renovations. Each unit, approximately 1,131 square feet, includes an assigned carport and additional parking, generating a total of $53,000 in gross annual income against $8,664 in expenses. Sold together (parcels 23-28-25-136610-000230 & 23-28-25-136610-000220), this investment offers both current returns and potential for future growth.
Location
State FL
County Polk
Community Castle Sub
Zoning RB-1
Interior
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Window Treatments
Heating Central, Electric
Cooling Central Air
Flooring Ceramic Tile
Furnishings Unfurnished
Fireplace false
Appliance Dishwasher, Microwave, Range, Refrigerator
Laundry In Kitchen, Laundry Closet
Exterior
Exterior Feature Fence, Private Mailbox, Sidewalk
Garage Driveway
Utilities Available BB/HS Internet Available, Cable Available, Electricity Available
Waterfront false
View City
Roof Type Metal
Porch Rear Porch
Parking Type Driveway
Garage false
Private Pool No
Building
Lot Description City Limits, Sidewalk, Paved
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Financing,Inspections
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Num of Pet 2
Special Listing Condition None
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