$639,000
Active · 1 days on market · MLS# MFRO6383818
| Bedrooms | 4 |
|---|---|
| Bathrooms | 4 |
| Living area | 4,080 sq ft |
| Lot size | 0.59 acres |
| Year built | 1966 |
| Property type | Single Family Residence |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $4,342 |
| County | Polk |
Fully occupied quadplex consisting of two duplex buildings offered as one income-producing property in Lakeland’s desirable 33809 corridor. Featuring four 2BR/1BA units with long-term leases in place through 2026, this asset delivers immediate, stable cash flow with verified annual NOI of approximately $46,000. Well maintained with functional interiors, the property presents clear upside potential through cosmetic updates. All units are in the highly desirable 2-bedroom configuration, supporting strong and consistent rental demand. Ideal for investors seeking a solid hold property, 1031 exchange buyers looking for dependable income, or a buyer interested in future owner-occupancy (subject to lease terms) while generating rental income from the remaining units. This property can be bought with no income verification needed. Offered AS-IS. Financials and rent roll available upon request. Please do not disturb tenants.
Listing courtesy of Rey Perez, Jr, IAD FLORIDA LLC. Presented by MC Homes Realty Inc · 727432218.