$499,000
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.
Mortons Add
SubDv.
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33801
Zip Code
902 E Lime Street, Lakeland