902 E LIME ST Lakeland, FL 33801
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,048 sqft
Price per Sqft $243
Subdivision Mortons Add
MLS Listing ID L4965488
Construction Status Completed
HOA Y/N No
Year Built 1948
Annual Tax Amount $2,187
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 50x200
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
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.
Location
State FL
County Polk
Community Mortons Add
Area 33801 - Lakeland
Zoning MF-22
Interior
Interior Features Ceiling Fans(s)
Heating Propane
Cooling Mini-Split Unit(s)
Flooring Carpet, Ceramic Tile, Laminate
Furnishings Unfurnished
Fireplace false
Appliance Microwave, Range, Refrigerator
Laundry Common Area, Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Fence, Sidewalk
Parking Features Driveway, Ground Level, Off Street, Parking Pad
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Propane, Public, Sewer Connected, Water Connected
View Y/N No
Water Access No
Roof Type Shingle
Porch Enclosed, Front Porch
Attached Garage false
Garage false
Private Pool No
Building
Lot Description Historic District, City Limits, Sidewalk, Paved
Entry Level One
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Construction Status Completed
Schools
Elementary Schools Philip O’Brien Elementary
Middle Schools Sleepy Hill Middle
High Schools Lakeland Senior High
Others
Pets Allowed Cats OK, Dogs OK
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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