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. Seller financing considered with at least 50% down.
Address
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Address: 1005 S NEW YORK AVENUE
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City: Lakeland
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State/county: FL
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Zip/Postal Code: 33803
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Country: US
Details
Atualizado em abril 23, 2026 no 1:26 pm-
Property ID L4959665
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Price $1,299,000
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Property Size 7241 m²
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Land Area 0.44 m²
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Garage Size x x
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Year Built 1977
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Property Type Multi-Family 5+, Commercial Sale
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Property Status Active, For Sale
Additional details
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Listing Terms Cash,Commercial Financing,Owner Financing,Private Financing Available,Small Business Administration
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Roof Shingle
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Utilities BB/HS Internet Capable,Electricity Available
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Sewer Public Sewer
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Cooling Central Air
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Heating Central
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Flooring Luxury Vinyl
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County Polk
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Property Type Commercial Sale
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Parking Parking Spaces - 13 to 18
Features
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Down Payment
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Monthly HOA Fees