115 EMMA ST, LAKELAND, FL, 33815
$399,000
Residential Income
Bedrooms
7
Bathrooms
5
Living Area
2,696 Sqft
Lot Size
4,552 Sqft
Don’t miss this exceptional redevelopment and income-producing opportunity in the rapidly growing Lakeland market. Situated on a single parcel, this property consists of three total residential units across two separate buildings: * One duplex with separate electric meters for each unit. * One detached single-family home. Included with the sale are professionally completed Mechanical, Electrical, and Plumbing (MEP) plans, providing a significant head start for redevelopment and substantially reducing the time and expense required before construction. Proposed Redevelopment Plans * Detached Single-Family Home: Reconfigured into a modern 3-bedroom, 2-bathroom residence. * Duplex: Complete redesign into two expansive 5-bedroom, 3-bathroom units, creating a total of 13 bedrooms and 8 bathrooms across the property. The proposed layouts maximize rental potential while incorporating modern floor plans, updated building systems, and efficient use of space. Whether your strategy is traditional multifamily rentals, co-living, workforce housing, or another high-income rental model, this property offers exceptional flexibility. Located just minutes from downtown Lakeland with convenient access to Interstate 4, the property benefits from strong rental demand while offering easy access to both Tampa and Orlando.
Property Details
Property Features Property Features
MLS ID: MFRO6421108 Year Built: 1900
Construction Materials: Other Cooling: None
Country: US County Or Parish: Polk
Exterior Features: Other Foundation Details: Other
Heating: None Laundry Features: Other
Listing Agreement: Exclusive Agency Property Condition: Fixer
Property Sub Type: Triplex Property Type: Residential Income
Road Surface Type: Gravel Roof: Shingle
Sewer: Other Showing Requirements: Appointment Only, Call Owner, Call Seller Direct, Other, See Remarks
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Other
Water Source: See Remarks
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