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511 DUCHESS COURT

Multi-family Recently Sold
$395,000

BTC: 5.97004458

ETH: 122.51823040

Sold on: 2021-06-30
1 days
0 room(s)
3,304 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Incredible location with serious upside income potential. Quadplex containing 2 units that are 2/1.5 and 2 units are 2/1. Property is block construction and was re-plumbed in 2012. Each unit has a separate electric meter but water is paid by owner. Assigned parking in front with shared private green space for tenants. Includes a coin operated laundry room creating additional income. Each unit is occupied but the tenants are month-to-month or with current lease expiring shortly. With a little work units can rent for so much more. Each unit contains a refrigerator, stove, microwave, ceiling fans and dishwasher. Cap rate currently exceeds 7%. This is a rare opportunity to purchase multi-family block construction units in a highly desirable location.

Location

Florida • LAKELAND • 33803 • Multi-family • Recently Sold

Facts and features

Type:
Residential Income
Parking:
Assigned
Year Built:
1972
Lot:
0.19 Acres
Heating:
Central
Price/sqft:
$120
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Flooring

    • Carpet

    • Tile

    • Vinyl

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Microwave

    • Range

    • Refrigerator

    Other interior features

    • Ceiling Fans(s)

  • Parking

    • Assigned

    Property

    • Levels: One

    • Exterior Features: Lighting

    Lot

    • Lot: 0.19 Acres

    Other Property Information

    • Parcel Number: 232836000000023130

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Cable Available

    • Public

  • Other financial information

    • Annual tax amount: $2,495

  • Source details

    • MLS ID: L4922639

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Laundry Room

    • Lot Features: City Lot / Near Public Transit

    • Other Structures: Other

    • Living Area: 3304

    • Water Source: Public

    • Subdivision Name: NOT IN 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 ©2024-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: STRAIGHT UP REALTY & PM LLC