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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.
| DAYS ON MARKET | 9 | LAST UPDATED | 2/26/2026 |
|---|---|---|---|
| TRACT | LAKE HUNTER HEIGHTS | YEAR BUILT | 1977 |
| COMMUNITY | 33803 - Lakeland | COUNTY | Polk |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Refrigerator |
| AREA | 33803 - Lakeland |
| CONSTRUCTION | Concrete |
| HEAT | Central |
| LOT | 0.44 acre(s) |
| LOT DESCRIPTION | Corner Lot, Landscaped, Near Public Transit, Paved |
| SEWER | Public Sewer |
| SUBDIVISION | LAKE HUNTER HEIGHTS |
| TAXES | 10226 |
| UTILITIES | Electricity Available |
| WATER | Public, See Remarks |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Carla Morey, LAKELAND HOMES AND REALTY, LLC, 863-248-7260
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 3/6/26 4:21 PM PST.
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