901 PENNSYLVANIA AVE, LAKELAND, FL, 33803
$670,000
Residential Income
|
Bedrooms
16
|
Bathrooms
16
|
Living Area
3,272 Sqft
|
Lot Size
4,199 Sqft
|
GREAT INCOME-PRODUCING INVESTMENT OPPORTUNITY IN THE HEART OF LAKELAND! Located at 901 Pennsylvania Ave, this well-positioned fourplex offers investors the opportunity to own a multi-family property in the highly desirable Lake Morton Historic District. The property consists of 4 spacious 1-bedroom, 1-bath units, each approximately 900 square feet, offering a highly rentable layout and strong long-term income potential.
The property maintains much of its original Florida character, including original hardwood floors, solid wood doors, and charming architectural details rarely found in newer construction. Units also feature additional touches such as washer/dryer accommodations, sunrooms adding to their appeal and rental potential.
LOCATION IS A MAJOR HIGHLIGHT. The property is conveniently situated near Florida Southern College, Lake Morton, Downtown Lakeland, the public library, museums, restaurants, shopping, entertainment, and major roadways. Its central location provides excellent access to many of Lakeland's most desirable destinations while placing tenants close to employment, education, recreation, and everyday conveniences.
Whether you're looking to expand an existing rental portfolio, enter the multifamily investment market, or acquire a long-term income-producing asset, 901 Pennsylvania Ave offers an excellent combination of location, character, multiple rental units, and future income potential.
4 units. 1 property. Multiple income streams. A great opportunity to invest in one of Lakeland's established neighborhoods.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRO6433196 | Year Built: | 1902 | |
| Appliances: | Gas Water Heater, Range, Refrigerator | Construction Materials: | Frame, Wood Siding | |
| Cooling: | Central Air | Country: | US | |
| County Or Parish: | Polk | Exterior Features: | Other, Sidewalk | |
| Foundation Details: | Stilt/On Piling | Furnished: | Unfurnished | |
| Heating: | Central | Laundry Features: | Other | |
| Lease Term: | Twelve Months | Levels: | Two | |
| Listing Agreement: | Exclusive Right To Sell | Occupant Type: | Vacant | |
| Parking Features: | On Street | Patio And Porch Features: | Covered, Front Porch | |
| Property Sub Type: | Quadruplex | Property Type: | Residential Income | |
| Road Responsibility: | Public Maintained Road | Road Surface Type: | Asphalt | |
| Roof: | Shingle | Sewer: | Public Sewer | |
| Showing Requirements: | 24 Hour Notice, Appointment Only, ShowingTime | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Tenant Pays: | Electricity | Utilities: | Electricity Connected, Natural Gas Connected, Water Connected | |
| Water Source: | Public | |||
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