1201 BUDDWOOD RD, LAKELAND, FL, 33801
$550,000
Residential Income
|
Bedrooms
8
|
Bathrooms
4
|
Living Area
3,364 Sqft
|
Lot Size
16,679 Sqft
|
Quadruplex investment opportunity at 1201 Buddwood Rd in Lakeland offering approximately 3,364 square feet of total living area across four units on a 16,679 square foot lot (0.38 acres). Built in 1976 and updated in 2021, the property features a functional layout with three of the four units currently occupied, providing immediate income with additional upside potential. Each unit offers a practical floor plan with private entrances, natural light, and efficient living spaces designed for tenant use. The configuration supports consistent occupancy and straightforward management, making it suitable for both experienced and entry level investors. Opportunity exists to increase revenue through lease adjustments, interior improvements, or stabilization of the remaining unit. The property is located in an established Lakeland area with convenient access to Highway 98 and surrounding roadways, providing connectivity to employment centers, shopping, dining, and everyday services. The location supports steady rental demand and long term tenant retention. This asset presents a strong foundation for cash flow with value add potential. Suitable for investors seeking to expand a portfolio or acquire a multi unit property with in place income, operational stability, and future growth opportunity. Note: This cannot be a child-care facility.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRO6399970 | Year Built: | 1976 | |
| Construction Materials: | Block, Brick | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Polk | |
| Exterior Features: | Other | Foundation Details: | Slab | |
| Heating: | Central, Electric | Laundry Features: | Inside | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional, FHA, VA Loan | |
| Occupant Type: | Tenant | Parking Features: | Parking Pad | |
| Possession: | Close Of Escrow | Property Condition: | Completed | |
| Property Sub Type: | Quadruplex | Property Type: | Residential Income | |
| Road Surface Type: | Paved | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | Sentri Lock Box | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | Cable Available, Electricity Connected, Public | |
| Water Source: | Public | |||
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