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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1948
Sq.Footage
2,048
Fully leased four-unit investment opportunity near Downtown Lakeland! Located at 902-904 E Lime Street, this income-producing property features four residential units, each offering 1 bedroom, 1 bathroom, a kitchen, and living area. Two units are located within the main residence, with two additional units situated in the detached rear building, creating a unique multifamily configuration with separation between the structures. All four units are currently leased and generate approximately $4,450 per month in gross rental income. The owner currently pays utilities, averaging approximately $634 per month, providing prospective investors with established income and operating history from day one. The property has also demonstrated a strong history of occupancy; prior marketing materials report that it maintained full occupancy for more than a decade. Situated in the Downtown Lakeland area, the property offers convenient access to shopping, dining, employment centers, major roadways, and the amenities of Lakeland’s urban core. With 100% current occupancy, $53,400 in annual gross rental income based on current rents, and four self-contained living units, this is an opportunity to acquire an established multifamily property in a central Lakeland location. Please do not disturb tenants. Showings by appointment only. Buyer to verify all measurements, unit information, leases, income, expenses, zoning, and property details.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Propane
-
Pet friendly
Cats OK, Dogs OK
Exterior
-
Garage
No
-
Construction Materials
Frame
-
Parking
Driveway, Off Street, Parking Pad
-
Patio and Porch Features
Enclosed, Front Porch
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Paved
-
Lot Size(acres)
0.23
-
Lot Size(square feet)
10,001
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$499,000
-
Tax Amount
$2,187.46
-
Sq. Footage
2,048
-
Price/SqFt
$243
HOA
-
Association
No
School District
-
Elementary School
Philip O’Brien Elementary
-
Middle School
Sleepy Hill Middle
-
High School
Lakeland Senior High
Property Features
-
New Construction
NO
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
21
-
Water Source
Public
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Location
County
Polk
Elementary School
Philip O’Brien Elementary
Middle School
Sleepy Hill Middle
High School
Lakeland Senior High
Listing Courtesy of Tony Acosta, CENTURY 21 MYERS REALTY
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Executive Assistant
Emil Garinga
Call Emil today to schedule a private showing.
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