902 E Lime Street, Lakeland, FL 33801
- $499,000
- 2,048
- SqFt
- List Price
- $499,000
- Status
- Active
- Days on Market
- 1
- MLS#
- L4965488
- Property Style
- Quadruplex
- Year Built
- 1948
- Living Area
- 2,048
- Price per sq. ft.
- 243.65
- Lot Size
- 10,001
- Acres
- 0.23
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- Mortons Add
- MLS Area Major
- Lakeland
Property Description
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.
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Additional Information
- Taxes
- $2187
- Minimum Lease Period
- No Minimum
- Location
- Historic District, City Limits, Sidewalk, Paved
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- MF-22
- Interior Features
- Ceiling Fans(s)
- Floor
- Carpet, Ceramic Tile, Laminate
- Appliances
- Microwave, Range, Refrigerator
- Utilities
- BB/HS Internet Available, Cable Available, Electricity Connected, Propane, Public, Sewer Connected, Water Connected
- Heating
- Propane
- Air Conditioning
- Mini-Split Unit(s)
- Exterior Construction
- Frame
- Exterior Features
- Fence, Sidewalk
- Roof
- Shingle
- Foundation
- Crawlspace
- Pool
- No Pool
- Garage Features
- Driveway, Ground Level, Off Street, Parking Pad
- Elementary School
- Philip OBrien Elementary
- Middle School
- Sleepy Hill Middle
- High School
- Lakeland Senior High
- Pets
- Allowed
- Flood Zone Code
- X
- Parcel ID
- 24-28-18-205000-007212
- Legal Description
- MORTONS ADD DB Q PG 79 BLK G LOT 21 W1/2
Listing courtesy of CENTURY 21 MYERS REALTY. 863-875-5656
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