UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,624 sqft
Price per Sqft $247
Subdivision Dixieland Rev
MLS Listing ID TB8493723
Bedrooms 4
HOA Y/N No
Year Built 1925
Annual Tax Amount $4,103
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50x125
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
Each of the four units is a well-designed 1-bedroom, 1-bath layout (~650 sq ft) featuring private screened porches, offering tenants added living space and privacy—an amenity that significantly enhances rental appeal. All units typically rent at $1200 a month, providing immediate, stable cash flow from day one.
This property presents a strong value-add opportunity for investors looking to maximize returns. With below-market positioning relative to location demand, there is potential to increase rents over time or make light cosmetic upgrades to further enhance income and equity.
Situated in a prime central location with close proximity to downtown Lakeland, dining, shopping, and major roadways, this asset benefits from both consistent tenant demand and long-term appreciation potential.
Investment Highlights:
Fully occupied 4-unit property – immediate cash flow
All units: 1BR/1BA, ~650 sq ft each
Private screened porches for every unit
Current rents: $1,200/month each unit
Walking distance to Florida Southern College – high student demand
Strong rental market with upside potential
Ideal for investors seeking stable income + value-add growth
This is a rare opportunity to secure a turnkey multi-family property in a high-demand location with built-in income and future upside.
Location
State FL
County Polk
Community Dixieland Rev
Area 33803 - Lakeland
Zoning RA-4
Interior
Interior Features Ceiling Fans(s)
Heating Ductless
Cooling Wall/Window Unit(s)
Fireplace false
Laundry None
Exterior
Exterior Feature Balcony, French Doors, Sidewalk
Community Features Street Lights
Utilities Available Cable Connected, Electricity Connected, Public
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Other
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8493723
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