Active

$314,900

Features:
  • 4 Bedrooms
  • 2 Bathrooms
  • 1842 sq ft
Overview
  • ID: MFRL4959798
  • Bedrooms: 4
  • Bathrooms: 2
  • Size: 1842 sq ft
Property Details
Remarks
Income-producing full duplex in the desirable Lake Gibson area of Lakeland. Located in Lake Gibson Villas Phase 2, this concrete block property was built in 1981 and offers two separate 2-bedroom, 1-bath units totaling 1,842 square feet of living space. The property has received consistent updates, helping minimize near-term capital expenses. New windows and front doors were installed in April 2024, and a third nail for wind mitigation was added in June 2023. Unit 281 features a renovated kitchen with updated counters (July 2019) and new LVP flooring in the bathroom (January 2024). Unit 283 includes a newer dishwasher (July 2019) and a replaced AC unit (August 2020). One AC system has been updated; the other remains original. Both sides are currently occupied by long-term tenants with rental income of $1,265 and $1,285 per month. Current rents are slightly below the area average of approximately $1,250–$1,350 for comparable 2-bedroom units (buyer to verify), presenting potential upside. Situated on a 0.25-acre lot in unincorporated Polk County, the property is conveniently located near Lake Gibson, shopping, dining, and major commuter routes. Ideal for investors seeking steady cash flow or buyers looking to house hack while offsetting their mortgage. Solid block construction, practical improvements, and a proven rental layout make this a strong addition to any portfolio.
Financial Considerations
Price:
$314,900
HOA Fee:
N/A
Tax Amount:
$3709.92
Price per SqFt:
$170.96
Tax Legal Description:
LAKE GIBSON VILLAS PHASE 2 PB 71 PG 25 LOT 3
Exterior Features
Lot Size:
10890
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Driveway
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
2
Heating:
Electric
Cooling:
Central Air
Appliances:
Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator
Furnished:
Yes
Floor:
N/A
Levels:
One
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1981
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Fence, Private Yard, Storage
Additional Features 2:
No HOA.All lease restrictions determined by the city, county or state should be researched and complied with.
Map
  • Address
    281 & 283 LEELON RD
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