BEDS0
BATHS
SQUARE FEET2,048
MLS#L4965488
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMORTONS
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Mini-Split Unit(s)
Heating: Propane
Lot Size: 0.23 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $2,187
Year Built: 1948
Amenities
Ceiling Fans(s)
Fence
Sidewalk
Feature Descriptions
Annual Net Income: 53400.00
Appliances: Microwave, Range, Refrigerator
Days on Site: 2
Directions: From I4, take exit 33 for CR-582 toward FL-33/Lakeland. Turn left onto N Socrum Loop Rd. Turn right onto FL-33 S. Continue straight onto N Massachusetts Ave. Use the left 2 lanes to turn left onto Bartow Rd. Turn right onto E Lime St. Destination will be
Exterior: Frame
Flood Zone Code: X
Flooring: Carpet, Ceramic Tile, Laminate
Foundation: Crawlspace
Home Warranty Y/N: No
Lease Terms: Twelve Months
Lot: Historic District, City Limits, Sidewalk, Paved
Lot Dimensions: 0.23
Ownership: Fee Simple
Parking: Driveway, Ground Level, Off Street, Parking Pad
Parking Notes: Driveway, Ground Level, Off Street, Parking Pad
Patio/Porch: Enclosed, Front Porch
Pets Allowed: Cats OK, Dogs OK
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Security: Smoke Detector(s)
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Before Showing, ShowingTime
Special Sale Provisions: None
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Propane, Public, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Windows: Blinds
Zoning: MF-22
Local Schools
High School: Lakeland Senior High
Middle School: Sleepy Hill Middle
Elementary School: Philip O'Brien Elementary
Listed By / Shown By
Listed By
Agency Name: CENTURY 21 MYERS REALTY
Agency Contact: 863-875-5656
Shown By
Agent Name: Emily Lynch
Agent Phone: (813) 810-4465
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 1,438.35 per month $1,110.56 Principal & Interest $182.25 Property Tax $145.54 Homeowner's Insurance
902 E Lime Street | MLS# L4965488
This multi-family property located at 902 E Lime Street, Lakeland, FL 33801 is currently listed for sale with an asking price of $499,000. Search Lakeland real estate on elynch.floridaexecutiverealty.com today.