Kristy Darragh
SQUARE FEET7,241
MLS#L4959665
STATUSActive
PROPERTY TYPECommercial - Multiple
SUBDIVISIONLAKE HUNTER HEIGHTS
Property Description
Located in the heart of Lakeland's highly desirable Dixieland District, this 9-unit multifamily property presents a strong income-producing opportunity with a proven, stabilized revenue stream. The concrete block building is constructed under one roof and consists of eight two-bedroom, one-bath units and one one-bedroom, one-bath unit. Each residence has been renovated and features durable, low-maintenance flooring throughout, making this a true turnkey investment. The property offers dedicated parking for each unit and an on-site laundry facility that provides added convenience for residents while generating additional income for the owner. Major capital improvements include a roof replacement in 2018 and air conditioning replacements in 7 of the 9 units within the past five years. Each unit is separately metered for electric and has its own hot water heater, while the landlord currently pays for water. With professional management already in place, no HOA restrictions, and strong operational fundamentals, this asset is well-positioned for both seasoned investors and those seeking a reliable 1031 Exchange opportunity in one of Lakeland's most established and charming neighborhoods.
Property Features
Property Type: Commercial - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.44 Acres
Roof Type: Shingle
Taxes: $10,226
Year Built: 1977
Feature Descriptions
Appliances: Refrigerator
Days on Site: 6
Directions: Take S Florida Ave (SR-37) North. Turn left onto W Highland St. 1005 S New York Ave, Lakeland, Florida 33803-1256. Complex will be on your left.
Exterior: Concrete
Flood Zone Code: X
Flooring: Luxury Vinyl
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Corner Lot, City Limits, Landscaped, Near Public Transit, Sidewalk, Street Lights, Paved
Lot Dimensions: 0.44
Ownership: Corporation
Parking: Parking Spaces - 13 to 18
Parking Notes: Parking Spaces - 13 to 18
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany, See Remarks
Special Sale Provisions: None
Utilities: BB/HS Internet Capable, Electricity Available
Water: Public, See Remarks
Water Access Y/N: No
Windows: Blinds
Zoning: RA-4
Listed By / Shown By
Listed By
Agency Name: LAKELAND HOMES AND REALTY, LLC
Agency Contact: 863-248-7260
Shown By
Agent Name: Kristy Darragh
Agent Phone: (813) 931-6700
Agency Title: Florida Executive Realty
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1005 S New York Avenue | MLS# L4959665
This commercial property located at 1005 S New York Avenue , Lakeland, FL 33803 is currently listed for sale with an asking price of $1,375,000. Search Lakeland real estate on www.realestatenewtampa.com today.