216 W BELMAR ST, LAKELAND, FL, 33803
$279,900
Residential Income
Bedrooms
4
Bathrooms
2
Living Area
1,840 Sqft
Lot Size
6,752 Sqft
Update 3/29/26 ($15,100 per drop PLUS seller is now including a New Roof prior to Closing. Also, Seller will now consider Conventional Finance offers. PROBATE SALE! Location, location, location! This Dixieland Historic Duplex is about 4 Blocks from Lake Hollingsworth and steps to Dixieland, Nightlife, Restaurants, and Shopping. Downtown Lakeland and Bonnet Springs Park are just minutes away. The Estate has had an Appraisal, Home inspection, and 4 Point done and are available for your review. Ask your Realtor. The property is listed BELOW the recent appraisal price. From the Appraisal: "No functional or external obsolescence noted. Subject has received adequate maintenance, the subject is in average/good condition, upgrades include, unit 218 full kitchen was updated in 2024, unit 216 AC was updated in 2025. The home inspection noted that the roof is at end of life and has two layers of shingles. Seller is now including a New Roof to be installed before closing. Unit 216 is now vacant and available for showings. 218 is Tenant occupied and may viewed during the inspection period with an accepted offer. Unit 218 is currently paying $1,000/mo and the lease ends June 30, 2026 however the tenant is interested in staying even with a rent increase. Each unit has a driveway in front for 2 vehicles. Both units have indoor Washer/Dryer Hookups. There is a rear alley that provides access to additional guest parking. This is a rare opportunity to bring your vision to this multifamily property in an amazing prime location. Check with the City of Lakeland to see if you could add a garage with apartment above for extra income in the rear. FOR OFFERS - Please submit highest and best with the following terms: Seller is only considering Cash, Hard Money, or Conventional Finance Offers. Please allow 2-3 Days for Response. Do your due diligence before submitting offer. No sight unseen offers. 7-day inspection maximum. Please provide a preapproval letter for finance offers, verifiable POF for cash offers, or Letter of Credit if Hard Money. Minimum 2% Escrow Deposit for Conventional Finance offers and 5% Escrow Deposit for Cash or Hard Money Offers. Escrow Deposit is due within 48 hours of acceptance. Escrow deposits are nonrefundable after inspection period for Cash and Hard Money offers. No Hard Money finance contingencies. 30 days or sooner for closing. Proof of funds subject to verification. Please review the appraisal and home inspection before making your offer. Seller is realistic about the condition of the property. Seller has limited information on the condition of the property and has never occupied it. NO SELLER FINANCING OR ASSIGNABLE CONTRACTS. All information provided in this listing and dimensions are believed to be correct. Buyer or Buyer's Agent to verify. Sold As-Is
Property Details
Property Features Property Features
MLS ID: MFRL4959609 Year Built: 1924
Appliances: Range, Range Hood, Refrigerator Construction Materials: Frame, Wood Siding
Cooling: Central Air Country: US
County Or Parish: Polk Exterior Features: Private Entrance
Financial Data Source: Owner Flooring: Laminate, Tile, Vinyl
Foundation Details: Crawlspace Heating: Central, Electric
Laundry Features: Inside, Laundry Closet Levels: One
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional, Other
Lot Features: Historic District, City Limits Occupant Type: Tenant
Other Equipment: Private Entrance Parking Features: Assigned, Driveway, Guest, Off Street, Open, Tandem
Pets Allowed: Yes Possession: Close Of Escrow
Property Sub Type: Duplex Property Type: Residential Income
Road Responsibility: Public Maintained Road Road Surface Type: Asphalt
Roof: Shingle Sewer: Public Sewer
Showing Requirements: Supra Lock Box, 24 Hour Notice, Appointment Only, See Remarks, ShowingTime Special Listing Conditions: Probate Listing
Standard Status: Active State Or Province: FL
Tenant Pays: Electricity, Sewer, Trash Collection, Water Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Water Source: Public
We love to hear from you