Property
Beds
8
Full Baths
None
1/2 Baths
None
Year Built
1978
Sq.Footage
1,938
EXCELLENT INVESTMENT OPPORTUNITY IN GROWING NORTH LAKELAND! Don't miss this opportunity to acquire TWO well-maintained, income-producing concrete block duplexes at 822/824 and 830/832 Shirley Ann Trail, Lakeland, FL 33809! Together, these properties offer FOUR spacious 2-bedroom, 2-bathroom rental units, all currently occupied, generating $5,245 in monthly rental income and $62,940 in annual gross rental income! At a combined asking price of $699,800, this represents an attractive 9.0% GROSS ANNUAL RENTAL YIELD based on current rents, before operating expenses! Current monthly rents are $1,400, $1,400, $1,295, and $1,150, offering investors established income from day one. The duplex at 822/824 features a newer 2025 architectural shingle roof, fresh interior and exterior paint, and durable tile flooring throughout. The adjoining duplex at 830/832 will have a NEW ROOF installed prior to closing, providing additional value and peace of mind! Conveniently located in desirable North Lakeland, just minutes from I-4 with easy access to Tampa and Orlando, these properties are also close to US Highway 98 North, Walmart, shopping, restaurants, public transportation, and major employment centers. Lakeland continues to attract residents and businesses thanks to its strategic Central Florida location, expanding employment opportunities, and ongoing economic development, making it an attractive market for real estate investors. With established rental income, a history of long-term tenant renewals, and significant recent improvements, this is an excellent opportunity to expand your investment portfolio! IMPORTANT: BOTH DUPLEXES ARE BEING SOLD TOGETHER AS A FOUR-UNIT INVESTMENT PACKAGE. SELLER WILL NOT SELL THE PROPERTIES INDIVIDUALLY. Whether you're an experienced investor looking to expand your portfolio or seeking your next income-producing property, this opportunity deserves your attention! CALL TODAY for additional information, rental details, and an opportunity to make these FOUR income-producing units yours!
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
Cats OK, Dogs OK
Exterior
-
Garage
No
-
Construction Materials
Block, Concrete, Stucco
-
Parking
Driveway
-
Patio and Porch Features
Front Porch, Porch
-
Pool
No
-
Waterfront YN
NO
-
View
City
Area & Lot
-
Lot Features
Cul-De-Sac, Landscaped, Paved
-
Lot Size(acres)
0.54
-
Lot Size(square feet)
11,622
-
Property Type
Residential Income
-
Property Sub Type
Duplex
Price
-
Sales Price
$673,500
-
Tax Amount
$9,587.24
-
Financing Options
Cash, Conventional, FHA, USDA Loan, VA Loan
-
Sq. Footage
1,938
-
Price/SqFt
$347
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Block, Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Septic Tank
-
Tax Lot
4
-
Water Source
Public
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Location
County
Polk
Elementary School
Middle School
High School
Listing Courtesy of Milton De La Cruz, LAKELAND HOMES AND REALTY, LLC
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FOUNDER
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