Eco Friendly
$ 2,650,000
Property Attributes
  • MLS#T3331144
  • TypeIncome
  • CountyPOLK
  • CityLakeland
  • AreaLakeland
  • NeighborhoodLAKEWOOD PARK
  • Zip33801
  • StyleDuplex
  • Year Built1980
  • Taxes$ 17247
  • Price$ 2,650,000
  • Bedrooms40
  • Full Bathrooms20
  • Half Bathrooms0
  • Sqr Footage18130
  • Lot Size10,890 SqFt
Listing Provided Courtesy Of:
Data Source:
Stellar MLS
Property Description

Incredible Turnkey Opportunity of 20 Units on 9 separate parcels - 100% occupied with a gross rent of $18,575/month or $222,900/year. Each unit is 906 sq ft with 2 bedrooms, 1 or 1.5 baths, full laundry closet hook ups, concrete block construction, new roofs on all buildings in 2021, most central AC units are newer, new double pane energy efficient windows and also new sliding doors to patios. The layouts are very spacious and most units have no carpet and have been upgraded. Trash is included in the low water bills (about $23/unit), tenant pays their own electric. Not in Flood Zone. Each building has its on Septic system, with 3 of the systems recently replaced. Each unit rents quickly when they come available with multiple applications to choose from, high demand in the area and close to major highways and lots of job options, Lake Parker is nearby for enjoyment with a public park with a boat ramp and pavilions. Lots of job options and things to do with a great central FL location in a good area. Turn Key rental operation with professional management, current leases and formal rent roll activity with substantial deposits and some last month rents collected in advance. Financial information available on request. All of the hard work has been done and background and credit has been pulled on tenants placed since 2019, some tenants have lived in their units for well over 5 years. This is a great turn key rental operation that does not need repairs to keep the cash flow. Call for more information! Drive-bys are welcome but please do not disturb tenants. Financing is an option with this complex.

Price History
10/1/2021 Listed $2,650,000

General Features

Additional Parcels Description See attachment
Additional Parcels Y/N Yes
Association Y/N No
Building Area Units Square Feet
Carport Y/N No
Construction Materials Block
Cooling Central Air
County Polk
Days on Market 39
Directions Lake Parker Dr to Idelwild - 9 buildings on Idlewild and Penny Royal
Exterior Features Sliding Doors
Garage Y/N No
Grossincome 222900
Heating Central
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Master Bedroom Main Floor, Walk-In Closet(s)
Lot Size Square Feet 10890
MLS Area 33801 - Lakeland
New Construction No
Ok to Lease Twelve Months
Ownership Fee Simple
Pets Allowed Yes
Private Pool No
Property SubType Duplex
Property Type Residential Income
Roof Shingle
Senior Community Y/N No
Sewer Septic Tank
Standard Status Active
Status Active
Street Name IDLEWILD
Subdivision Name LAKEWOOD PARK
Tax Annual Amount 17247
Tax Lot 9
Tax Year 2020
Tenant Pays Electricity
Terms Cash, Conventional
Total Actual Rent 18575
Total Number of Buildings 9
Total Units 20
Township 28
Unit Count 1
Utilities Cable Connected
Virtual Tour
Water Access YN No
Year Built 1980
Zoning R-4

Interior Features

Fireplace Y/N No
Flood Zone Code Zone x
Furnished Y/N Unfurnished
Living Area 18130
Living Area Units Square Feet
Livingareasource Public Records
Street Suffix STREET

Exterior Features

Building Area Total 18130
Foundation Details Slab
Lot Dimensions 78x133
Lot Size Acres 0.25
Number of Lots 9
Road Surface Type Asphalt, Gravel
Water Extras YN No
Water Source Public
Water View YN No
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 33801

AVG $1.87M
AVG $7,805
AVG 133
Year Built
AVG 1976
AVG 28
Data Provided by Walkscore ® not using MLS data

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