New ListingFully 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.
| MLS # | L4965488 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1948 |
| Days On Site | 2 |
| Listing Provided By | CENTURY 21 MYERS REALTY | Tony Acosta |
| SQ Feet | 2,048 |
|---|---|
| Story(s) | 1 |
| Zoning | MF-22 |
| Acreage | 0.23 |
| Property | 2187 |
|---|
| State | FL |
|---|---|
| County | Polk |
| City | LAKELAND |
| Zip Code | 33801 |
| Area | 33801 Lakeland |
| Community Name | MORTONS ADD |
| School District | Lakeland Senior High |
| Elementary School | Philip O'Brien Elementary |
| High School | Lakeland Senior High |
| Listing VS Median (in MORTONS ADD) | |
Price: $499,000 low | high Med: $449,900 sqft: 2,048 low | high Med: 1,650 $ / sqft: $244 low | high Med: $273 On site: 2 low | high Med: 136 | |
| State | FL |
|---|---|
| County | Polk |
| City | LAKELAND |
| Zip Code | 33801 |
| Area | 33801 Lakeland |
| Community Name | MORTONS ADD |
| School District | Lakeland Senior High |
| Elementary School | Philip O'Brien Elementary |
| High School | Lakeland Senior High |
| Listing VS Median (in MORTONS ADD) | |
Price: $499,000 low | high Med: $449,900 sqft: 2,048 low | high Med: 1,650 $ / sqft: $244 low | high Med: $273 On site: 2 low | high Med: 136 | |