506 S WESTGATE AVE, LAKELAND, FL, 33815
$249,000
Residential Income
Bedrooms
4
Bathrooms
2
Living Area
1,813 Sqft
Lot Size
6,791 Sqft
INVESTMENT OPPORTUNITY NEAR DOWNTOWN LAKELAND! This cement-block duplex features two 2-bedroom, 1-bath units, each offering more than 900 square feet of living area. Both units are currently rented, providing immediate rental income for the new owner. Additional highlights include fenced yards and new roof shingles, fascia and soffits completed in 2026. The property also provides ample off-street parking with six designated spaces. Conveniently located near downtown Lakeland with easy access to shopping, dining, employment and major roadways. Priced below market at $249,000. This income-producing property offers an excellent opportunity to add a solid rental property to your investment portfolio. The rents are below normal rents in the area. The rents in the community range in the $1100 to $1400 per side unit. PLEASE CALL TODAY FOR ADDITIONAL INFORMATION!!
Property Details
Property Features Property Features
MLS ID: MFRL4964553 Year Built: 1979
Appliances: Electric Water Heater, Range, Range Hood Construction Materials: Block, Concrete
Cooling: Central Air Country: US
County Or Parish: Polk Exterior Features: Fence
Financial Data Source: Owner Foundation Details: Slab
Heating: Central, Electric Laundry Features: Electric Dryer Hookup, Laundry Closet, Washer Hookup
Lease Term: Twelve Months Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional Lot Features: City Limits, Near Golf Course, Near Public Transit, Sidewalk, Paved
Occupant Type: Tenant Pets Allowed: No
Possession: Close Of Escrow Property Condition: Completed
Property Sub Type: Duplex Property Type: Residential Income
Road Surface Type: Asphalt Roof: Shingle
Sewer: Public Sewer Showing Requirements: 24 Hour Notice, Appointment Only
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Tenant Pays: Electricity, Sewer, Water
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected Water Source: Public
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