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2929 NINE IRON DRIVE

Multi-family For Sale
$499,000

BTC: 7.84591195

ETH: 262.26716562

19 days
8 bds
3,400 sqft

Overview

Don't miss this exceptional investment opportunity featuring two duplexes on one lot, offering four income-producing units with immediate cash flow. Located at 2929 Nine Iron Drive and 2934 Eight Iron Drive in Lakeland, this rare multifamily property includes three occupied units and one vacant unit, providing immediate rental income while offering flexibility to lease the vacant unit at current market rates or occupy it yourself. Each unit features 2 bedrooms, 1 full bathroom, and washer/dryer hookups for added tenant convenience. Both duplexes received new roofs in 2019, helping reduce future maintenance costs. Ideally situated in a central Lakeland location, the property offers easy access to shopping, dining, schools, major roadways, and everyday conveniences, making it highly desirable for tenants and supporting strong long-term rental demand. Whether you're looking to expand your investment portfolio or acquire a well-positioned multifamily asset, opportunities like this are rare. With established rental income, additional upside through the vacant unit, and a prime location, this is an investment you won't want to miss.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1983
Lot:
0.35 Acres
Heating:
Central
Price/sqft:
$147
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$5,441
2025
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Primary Bedroom Main Floor

    • Thermostat

    Bedrooms and bathrooms

    • Bedrooms: 8

  • Property

    • Levels: One

    • Exterior Features: Lighting

    Lot

    • Lot: 0.35 Acres

    Other Property Information

    • Parcel Number: 242822000000042098

    • Zoning: PUD

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Electricity Connected

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $5,442

  • Source details

    • MLS ID: L4963478

    Other facts

    • Construction Materials: Concrete

    • Foundation Details: Slab

    • Laundry Features: Electric Dryer Hookup / Laundry Closet / Washer Hookup

    • Living Area: 3400

    • Water Source: Public

    • Lot Size Dimensions: 78 x 180

    • Subdivision Name: NOT IN A SUBDIVISION

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: ALL COUNTY POLK PROPERTY MANAG