Fully Occupied Triplex. Concrete construction. Recently updated in 2023/2024. Separate water and electric meters. Professionally managed. Newer roof, updated AC, etc. Great income producing property in the heart of Lakeland. Close to major highways, Tampa, and shopping malls.
Quadplex fully rented.
This 3,763 square feet 10-bedroom 3 bathroom renovated home (new flooring, new water heaters, new electrical breakers, new bathroom cabinets, new doors, new paint, etc.) has 4,768 square feet under roof and is ideal for an investor or a home owner. It is a duplex with two separate addresses, two mailboxes, separate parking for both units, and is in a quiet neighborhood with no HOA. The home has a good rental income. Please do not disturb the tenants. Showing can be arranged. As an investor, you can earn $55,796 in gross annual rental income. The 518 N Ohio Ave. unit has 6 bedrooms and 2 bathrooms, has high ceilings and an open floor plan. The first floor has a large kitchen, extra-large living room, dining room, 2 large bedrooms, 1 bathroom, 2 open porches, and plenty of closets. The second floor has three large and one medium bedroom with 1-bathroom, large walk-in closet and attic for storage. This unit is ideal for an owner to live in and rent the other unit to pay off the mortgage. The 704 W Magnolia St. unit has a separate entrance and separate parking and mailbox and has 4 bedrooms, one bathroom, kitchen, living room, hallway, and porch.
The median home value in Lakeland, FL is $282,500. This is lower than the county median home value of $312,500. The national median home value is $338,100. The average price of homes sold in Lakeland, FL is $282,500. Approximately 45.95% of Lakeland homes are owned, compared to 38.11% rented, while 15.93% are vacant. Lakeland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lakeland real estate agent to arrange a tour today!
Lakeland, Florida 33815 has a population of 110,401. Lakeland 33815 is less family-centric than the surrounding county with 24.72% of the households containing married families with children. The county average for households married with children is 26.62%.
The median household income in Lakeland, Florida 33815 is $52,972. The median household income for the surrounding county is $55,099 compared to the national median of $69,021. The median age of people living in Lakeland 33815 is 40.9 years.
The average high temperature in July is 92.2 degrees, with an average low temperature in January of 50 degrees. The average rainfall is approximately 53 inches per year, with 0 inches of snow per year.