Incredible Investment Opportunity!!! This is a Fully Occupied Block Duplex with a metal roof that is currently leased at full market rent! This property has great tenants in place paying $1,375 per month PER SIDE and one of the tenants has been there for 12 years already! This means the property is actively producing $33,000 in gross rent per year with 11 months left on each lease!!! The cashflow opportunity on this investment is amazing! This property has been consistently updated and features concrete block construction, a metal roof, one brand new AC unit and the other just a couple years old, one brand new water heater and one a year old, tile floors in the main living areas with new Luxury Vinyl Planks flooring in one set of bedrooms and carpet in the other. Both units feature dedicated driveways with ample parking space, dedicate sidewalks and each unit has a large covered back porch and enclosed laundry room. Both back porches overlook a massive and completely private fenced back yard with newer privacy fences. These are some of the biggest yards available for rental units in Lakeland which keeps them in high demand and max market rent prices. This is a rare opportunity for a new or seasoned investor to step into a ready made cash-flowing investment leveraging cash or financing! Schedule your private viewing to get a shot at this property while it is still available!
Multi-familyProperty Type
1977Year Built
0.32 acresLot Size
$241Est. Price/Sq.Ft.
Listed by Ben Becton• KELLER WILLIAMS REALTY
Contact: 863-577-1234
Bought with Steven Horner• RE/MAX PRIME PROPERTIES
This great investment property is located in a quiet neighborhood in N. Lakeland with easy asscess to I-4. This duplex has 2BR/1BA on each side and each unit features a nice, covered patio to extend your outdoor entertaining. The large back yard is fenced for privacy and is a great space for recreation/outdoor firepit. There is also an outside storage room for the washer/dryer and/or extra storage. The A/C unit was replaced in 2018 in one unit and a new water softener was added in 2019. In the other unit, the concrete driveway was replaced in 2018 and other improvements include a new toilet and hot water heater, rain gutters were added to the patio in 2019, and a new fence was added in 2022. Tile flooring is tile in all living areas with carpeting in the bedrooms. (Please note that multiple offers have been received. )
Stellar MLS as Distributed by MLS Grid #T2872704
Apr 28, 2017
Sold
$108,000
$83/sq ft
Apr 10, 2017
Pending
—
Mar 29, 2017
Listed
$115,000
$89/sq ft
Great investment opportunity. 2 units, each unit 2 bedroom 1 bath. Block construction with metal roof, fenced back yard. Tile in all areas except bedrooms. Nice, quiet neighborhood easy access to I4. You'll already have longtime renters in place.
Stellar MLS as Distributed by MLS Grid #T2871784
Mar 29, 2017
Listing Removed
—
Mar 24, 2017
Listed
*
Stellar MLS as Distributed by MLS Grid #T2488045
Sep 20, 2011
Listed
*
Stellar MLS as Distributed by MLS Grid #T2352095
Jan 23, 2009
Listed
*
Public Records
Nov 6, 2001
Sold
$68,000
$52/sq ft
Public Records
Dec 5, 1997
Sold
$50,000
$39/sq ft
Public Records
Oct 1, 1986
Sold
$45,000
$35/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,028 (+9.6%)
$18,500 + $197,716
$216,216
2024
$3,673 (+22.3%)
$18,500 + $197,716
$216,216
2023
$3,003 (+33.2%)
$18,500 + $183,388
$201,888
2022
$2,255 (+2.4%)
2021
$2,203 (+9.5%)
2020
$2,012 (−1.5%)
2019
$2,044 (+2.2%)
$15,000 + $78,130
$93,130
2018
$1,999 (+48.2%)
$15,000 + $79,940
$94,940
2017
$1,348 (+4.9%)
$10,000 + $38,853
$48,853
2016
$1,285 (+8.5%)
$10,000 + $38,853
$48,853
2014
$1,184 (−2.1%)
$10,000 + $34,285
$44,285
2013
$1,210 (+85.1%)
2012
$653
Tax history for 3706 Rose Rd
Year
Property tax
Land + Additions
Assessment*
2025
$4,028 (+9.6%)
$18,500 + $197,716
$216,216
2024
$3,673 (+22.3%)
$18,500 + $197,716
$216,216
2023
$3,003 (+33.2%)
$18,500 + $183,388
$201,888
2022
$2,255 (+2.4%)
2021
$2,203 (+9.5%)
2020
$2,012 (−1.5%)
2019
$2,044 (+2.2%)
$15,000 + $78,130
$93,130
2018
$1,999 (+48.2%)
$15,000 + $79,940
$94,940
2017
$1,348 (+4.9%)
$10,000 + $38,853
$48,853
2016
$1,285 (+8.5%)
$10,000 + $38,853
$48,853
2014
$1,184 (−2.1%)
$10,000 + $34,285
$44,285
2013
$1,210 (+85.1%)
2012
$653
*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
2
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.32 Acres
Year renovated
1998
Sq. Ft.
1,296
Year built
1977
Style
Multi-Family (2-4 Unit)
County
Polk County
APN
232733000000033043
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 10, 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.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Infrastructure
Apr 19, 2018 • Final
Mechanical
Remove and replace the air conditioning unit and air handler.
HVAC
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.