Possible Owner Financing Available!!Owner is Motivated!! 14% Cap Rate!!Excellent Investment with Great Cash Flow!! Immediately start earning a great return on your investment by owning an 18 unit cash flowing property. Gross annual income is $92,160, expenses $31,792, for an annual NOI of $60,368!!! This 1+ Acre property consists of 9 duplexes, for a total of 18 units, each with separate electrical meters. Large paved parking area, common area lighting, some units have been completely remodeled. Some tenants have lived here 30+ years!
Multi-familyProperty Type
1971Year Built
1.1 acresLot Size
$54Price/Sq.Ft.
Listed by • MAVEN ESTATES, LLC
Bought with Carlos Echeverry• Global Realty Group Inc
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
1.1 Acres
Year renovated
1996
Sq. Ft.
780
Year built
1971
Style
Multi-Family (5+ Unit)
County
Polk County
APN
242827243500000044
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 11, 2026.
RS
Residential Suburban District
The purpose of the RS district is to provide areas for suburban-density residential development to promote the proper transition of land from rural to urban uses. The RS district permits single-family dwelling units, family care homes, agricultural support uses, and community facilities.
Replace the sewer line for multiple units to correct improper fittings and pipe slope. A licensed plumber will install the new line and inspect the connection from the units to the septic system to resolve code enforcement violations.
Plumbing
Aug 8, 2019 • Final
Plumbing
Replace existing sewer lines.
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Features: None, Open
Interior
Virtual Tour
Heating & Cooling
Heating Information: Wall Units / Window Unit
Cooling Information: Wall/Window Unit(s)
Interior Features
Interior Features: Kitchen/Family Room Combo
Appliances: Electric Water Heater, Range, Refrigerator
Directions: FL 570 Polk Pky to US 98 South Bartow Rd, left onto CO RD 540A Winter Lake Rd, left onto Reynolds Rd, go approx 1.8 miles to property on left.
Community Information
Pets Allowed: Yes
Management: Owner Manager
Public facts
Beds: —
Baths: —
Sq. Ft.: 780
Stories: 1.0
Lot Size: 1.1 acres
Style: Multi-Family (5+ Unit)
Year Built: 1971
Year Renovated: 1996
County: Polk County
APN: 242827243500000044
Home facts updated by county records on Jul 10, 2026
Other
Miscellaneous Information
Third Party YN: 1
Listing Information
Originating System Timestamp: 2013-10-18T16:55:37.517
Previous Status: Active
Home Warranty YN: No
Listing Date Information
Days to Contract: 197
Status Contractual Search Date: 2013-10-18
Listing Price Information
Calculated List Price By Calculated Sq Ft: 61.54
Green Information
Direction Faces: East
Home Information
Living Area: 7020
Living Area Units: Square Feet
Living Area Source: Public Records
Building Area Source: Public Records
Levels: One
Around this home
Schools
Oscar J. Pope Elementary School
Public PreK-5 • Assigned • 1.0mi
2/10
Crystal Lake Middle School
Public 6-8 • Assigned • 1.3mi
1/10
George W. Jenkins Senior High School
Public 9-12 • Assigned • 4.8mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
2% chance of being in a wildfire in next 30 years
8/10 Heat Factor
7 days above 108° expected this year, 24 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Lakeland, FL • 33801
Average low and high temperatures (°F)
69
48
76
54
81
60
85
64
90
72
92
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93
75
91
76
90
75
84
68
80
59
75
54
Jan
Feb
Mar
Apr
May
Jun
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Aug
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Sun exposure
In this area, properties receive around 8.6 hours in
June and 6.5 hours in December, placing it above the
U.S. average for solar exposure.