Pending

$249,000

Features:
  • 4 Bedrooms
  • 2 Bathrooms
  • 1813 sq ft
Overview
  • ID: MFRL4964553
  • Bedrooms: 4
  • Bathrooms: 2
  • Size: 1813 sq ft
Property Details
Remarks
Under contract-accepting backup offers. INVESTMENT OPPORTUNITY NEAR DOWNTOWN LAKELAND! This cement-block duplex features two 2-bedroom, 1-bath units, each offering more than 900 square feet of living area. Both units are currently rented, providing immediate rental income for the new owner. Additional highlights include fenced yards and new roof shingles, fascia and soffits completed in 2026. The property also provides ample off-street parking with six designated spaces. Conveniently located near downtown Lakeland with easy access to shopping, dining, employment and major roadways. Priced below market at $249,000. This income-producing property offers an excellent opportunity to add a solid rental property to your investment portfolio. The rents are below normal rents in the area. The rents in the community range in the $1100 to $1400 per side unit. PLEASE CALL TODAY FOR ADDITIONAL INFORMATION!!
Financial Considerations
Price:
$249,000
HOA Fee:
0
Tax Amount:
$2020
Price per SqFt:
$137.34
Tax Legal Description:
WESTGATE PB 10 PG 23 BLK 10 LOTS 36 & S 20 FT OF 37
Exterior Features
Lot Size:
6791
Lot Features:
City Limits, Near Golf Course, Near Public Transit, Sidewalk, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
2
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Electric Water Heater, Range, Range Hood
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1979
Construction Type:
Block, Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Fence
Additional Features 2:
Please contact city or owner for any lease restrictions
Map
  • Address
    506 S WESTGATE AVE
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