Overview
- Quadruplex, Residential Income
- 8
- 8
- 4524 Sqft
Description
Discover a compelling investment opportunity with two duplexes (four units total) at 910/908/902/904 Castleway in South Central Lakeland, FL. Situated near South Florida Avenue and Edgewood Drive, these conveniently located properties offer easy access to Polk Parkway, Lakeside Village Shopping Mall, and various amenities, enhancing tenant appeal. The 910/908 duplex has been upgraded with new tile floors, modern white cabinetry, and stainless-steel appliances, while units 902/904 present an opportunity for value-add through renovations. Each unit, approximately 1, 131 square feet, includes an assigned carport and additional parking, generating a total of $53, 000 in gross annual income against $8, 664 in expenses. Sold together (parcels 23-28-25-136610-000230 & 23-28-25-136610-000220), this investment offers both current returns and potential for future growth.
Address
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Address: 910 CASTLE WAY
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City: Lakeland
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State/county: FL
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Zip/Postal Code: 33803
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Country: US
Details
Updated on April 25, 2024 at 1:54 pm-
Property ID HZL4942603
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Price $689,000
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Property Size 4524 Sqft
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Land Area 0.46 Acres
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Bedrooms 8
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Bathrooms 8
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Year Built 1976
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Property Type Quadruplex, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash, Conventional, FHA, VA Loan
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Roof Metal
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Utilities BB/HS Internet Available, Cable Available, Electricity Available
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Sewer Public Sewer
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Cooling Central Air
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Heating Central, Electric
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Flooring Ceramic Tile
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County Polk
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Property Type Residential Income
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Parking Driveway
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
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PMI
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Monthly HOA Fees
