Active

$670,000

Features:
  • 16 Bedrooms
  • 16 Bathrooms
  • 3272 sq ft
Overview
  • ID: MFRO6433196
  • Bedrooms: 16
  • Bathrooms: 16
  • Size: 3272 sq ft
Property Details
Remarks
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.
Financial Considerations
Price:
$670,000
HOA Fee:
N/A
Tax Amount:
$6997
Price per SqFt:
$204.77
Tax Legal Description:
SCOTTS LAKELAND HEIGHTS DB 75 PG 15 BLK 3 LOT 14 LESS W 51 FT
Exterior Features
Lot Size:
4199
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
On Street
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
16
Bathrooms:
16
Heating:
Central
Cooling:
Central Air
Appliances:
Gas Water Heater, Range, Refrigerator
Furnished:
Yes
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1902
Construction Type:
Frame, Wood Siding
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    901 PENNSYLVANIA AVE
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 1,299,900
img
  • Featured
  • Active
Quadruplex

3637 N ORANGE BLOSSOM TRL

  • 4
  • 4
  • 231 m²
avt
Daniel Dourado
$ 700,000
avt
Daniel Dourado
$ 569,000
img
  • Featured
  • Active
Quadruplex

104 AVENIDA VENECCIA #171

  • 6
  • 6
  • 361 m²
avt
Daniel Dourado
$ 3,990,000
avt
Daniel Dourado
$ 4,500,000
avt
Daniel Dourado
$ 639,000
avt
Daniel Dourado
$ 1,200,000
avt
Daniel Dourado
$ 1,300,000
img
  • Featured
  • Active
Quadruplex

Calle 2 CARRETERA OESTE 169 #169

  • 0
  • 0
  • 6967 m²
avt
Daniel Dourado
$ 1,680,000
avt
Daniel Dourado
$ 2,500,000
avt
Daniel Dourado
$ 239,900
avt
Daniel Dourado
$ 3,400,000