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(561) 312-0686
Real Estate Company
902 E Lime Street, Lakeland, FL 33801
- $499,000
- 2,048
- SqFt
- List Price
- $499,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- L4965488
- Subtype
- Residential Income
- Style
- One Story
- Year Built
- 1948
- Living Area
- 2,048
- Lot Size
- 10,001
- Acres
- 0.23
- Subdivision
- 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
- Interior Features
- Ceiling Fans(s)
- Exterior Features
- Fence, Sidewalk
- Location
- Historic District, City Limits, Sidewalk, Paved
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- MF-22
- Appliances
- Microwave, Range, Refrigerator
- Heating
- Propane
- Air Conditioning
- Mini-Split Unit(s)
- Exterior Construction
- Frame
- Exterior Features
- Fence, Sidewalk
- Levels
- One
- Roof
- Shingle
- Foundation
- Crawlspace
- Parking
- Driveway, Ground Level, Off Street, Parking Pad
- Parking Features
- Driveway, Ground Level, Off Street, Parking Pad
- Garage Features
- Driveway, Ground Level, Off Street, Parking Pad
- Elementary School
- Philip OBrien Elementary
- Middle School
- Sleepy Hill Middle
- High School
- Lakeland Senior High
Listing courtesy of CENTURY 21 MYERS REALTY. 863-875-5656
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