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Paradise Realty FLA
902 E Lime Street, Lakeland, FL 33801
- $499,000
- 2,048
- SqFt
- List Price
- $499,000
- MLS#
- L4965488
- Sq. Ft
- 2,048
- Lot Size
- 10,001
- Subtype
- Quadruplex
- County
- Polk
- Community
- No Deed Restriction
- Subdivision
- Mortons Add
- Region
- Lakeland
- Year Built
- 1948
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
- Heating
- Propane
- Cooling
- Mini-Split Unit(s)
- Roof
- Shingle
- Sewer
- Public Sewer
- Exterior Features
- Fence, Sidewalk
- Construction
- Frame
- Living Area
- 2,048
- Elementary School
- Philip OBrien Elementary
- Middle School
- Sleepy Hill Middle
- High School
- Lakeland Senior High
- Pets Allowed
- Yes
Listing courtesy of CENTURY 21 MYERS REALTY. Contact: 863-875-5656