Property Description
Incredible income-producing property in Lakeland! Completely renovated from top to bottom with fresh paint, modern finishes, and all-new systems, this multi-unit property is a true turnkey investment.Two Smart Ways to Buy: As an Owner-Occupant: Move right into the spacious main house (market value estimated at $2,000/month) while the two secondary units already generate steady income ($1,100/mo and $1,200/mo). The main house will be vacant in August, and the other units are secured with stable 1-year leases and deposits in place.As a Pure Investor: Lease out the main house to maximize your cash flow, bringing the total gross monthly income to approximately $4,300/mo from day one.Featuring a versatile layout, brand-new updates throughout, and a fantastic location, this high-return property offers endless flexibility and immediate results. Schedule your showing today!
Property Features
Property Type: Residential - Single Family
Cooling: Central Air, Mini-Split Unit(s)
Heating: Central
Lot Size: 0.13 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $3,378
Year Built: 1947
Square Feet: 1,928
Amenities
Ceiling Fans(s)
Solid Surface Counters
Split Bedroom
Private Entrance
Sidewalk
Feature Descriptions
Appliances: Range, Refrigerator
Directions: If you're heading south on US-98 (N Florida Ave) in Lakeland, turn right to head west on W 5th St. The property will be on your right on the corner of W 5th St and N New York Ave.
Exterior: Block, Stucco
Flood Zone Code: X
Flooring: Carpet, Ceramic Tile
Foundation: Slab
Home Warranty Y/N: No
Lot Dimensions: 0.13
Other Equipment: Private Entrance
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: Supra Lock Box
Special Sale Provisions: None
Utilities: BB/HS Internet Available, Electricity Connected
Water: Public
Water Access Y/N: No
Zoning: RA-4
Listed By / Shown By
Listed By
Agency Name: HOME PRIME REALTY LLC
Agency Contact: 8134974441
Shown By
Agent Name: Jan Shields
Agent Phone: (904) 891-6331
Agency Title: Watson Realty Corp., REALTORS ®
Estimate Your Payment
Estimated Payment
$ 2,361.15 per month $1,965.90 Principal & Interest $281.50 Property Tax $113.75 Homeowner's InsuranceChange Payment Information
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303 W 5th Street | MLS# TB8531497
This single family home located at 303 W 5th Street, Lakeland, FL 33805 is currently listed for sale with an asking price of $390,000. This property was built in 1947 and has 5 bedrooms and 3 full baths with 1928 sq. ft. W 5th Street is located in the WASHINGTON PARK subdivision. Search WASHINGTON PARK real estate on www.janshields.com today.