902 E LIME ST, LAKELAND, FL, 33801
$499,000
Residential Income
Living Area
2,048 Sqft
Lot Size
10,001 Sqft
Fully leased four-unit investment opportunity near Downtown Lakeland! Located at 902-904 E Lime Street, this income-producing property features four residential units, each offering 1 bedroom, 1 bathroom, a kitchen, and living area. Two units are located within the main residence, with two additional units situated in the detached rear building, creating a unique multifamily configuration with separation between the structures. All four units are currently leased and generate approximately $4,450 per month in gross rental income. The owner currently pays utilities, averaging approximately $634 per month, providing prospective investors with established income and operating history from day one. The property has also demonstrated a strong history of occupancy; prior marketing materials report that it maintained full occupancy for more than a decade. Situated in the Downtown Lakeland area, the property offers convenient access to shopping, dining, employment centers, major roadways, and the amenities of Lakeland’s urban core. With 100% current occupancy, $53,400 in annual gross rental income based on current rents, and four self-contained living units, this is an opportunity to acquire an established multifamily property in a central Lakeland location. Please do not disturb tenants. Showings by appointment only. Buyer to verify all measurements, unit information, leases, income, expenses, zoning, and property details.
Property Details
Property Features Property Features
MLS ID: MFRL4965488 Year Built: 1948
Appliances: Microwave, Range, Refrigerator Construction Materials: Frame
Cooling: Mini-Split Unit(s) Country: US
County Or Parish: Polk Exterior Features: Fence, Sidewalk
Financial Data Source: Owner Flooring: Carpet, Ceramic Tile, Laminate
Foundation Details: Crawlspace Furnished: Unfurnished
Heating: Propane Laundry Features: Common Area, Electric Dryer Hookup, Washer Hookup
Lease Term: Twelve Months Levels: One
Listing Agreement: Exclusive Right To Sell Lot Features: Historic District, City Limits, Sidewalk, Paved
Occupant Type: Tenant Parking Features: Driveway, Ground Level, Off Street, Parking Pad
Patio And Porch Features: Enclosed, Front Porch Pets Allowed: Cats OK, Dogs OK
Possession: Close Of Escrow Property Condition: Completed
Property Sub Type: Quadruplex Property Type: Residential Income
Road Surface Type: Paved Roof: Shingle
Security Features: Smoke Detector(s) Sewer: Public Sewer
Showing Requirements: Appointment Only, Call Before Showing, ShowingTime Special Listing Conditions: None
Standard Status: Active State Or Province: FL
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Propane, Public, Sewer Connected, Water Connected Water Source: Public
Window Features: Blinds
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