Located in the heart of Lakelands 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 Lakelands most established and charming neighborhoods.
Located in the heart of Lakelands 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 Lakelands most established and charming neighborhoods.
Features
Building and Construction
Covered Spaces: 0.00
Flooring: Luxury Vinyl
Living Area: 7241.00
Roof: Shingle
Property Information
Property Condition: Completed
Land Information
Lot Features: Corner Lot, City Limits, Landscaped, Near Public Transit, Sidewalk, Street Lights, Paved
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Parking Features: Parking Spaces - 13 to 18
Eco-Communities
Water Source: Public, See Remarks
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Electric: Separate Meters
Heating: Central
Road Frontage Type: City Street
Sewer: Public Sewer
Utilities: BB/HS Internet Capable, Electricity Available
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2025
Other Features
Appliances: Refrigerator
Country: US
Legal Description: LAKE HUNTER HEIGHTS PB 2 PG 126 BLK A LOTS 1 TO 3
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