$725,000

Extensively updated four-plex in Lakeland offering approximately 4,056 sqft of living space. Each of the four spacious units features two bedrooms and two bathrooms, including a primary bedroom with an en suite bath. The roof was replaced in 2023. Since taking ownership in 2023, the owner has invested nearly $100,000 in renovations and improvements, including updated kitchens, bathrooms and interiors in all four units; replacement of approximately half the windows; new front doors in three units; new siding in the front; and new exterior paint throughout. All four water heaters were replaced in 2023. All four units have newer AC systems or updated components: Unit 1835’s AC dates to 2022; Unit 1841’s system was replaced in 2023 ($7000); Unit 1837 received a new evaporator coil in 2024 ($1700); and Unit 1839 received a new evaporator coil in 2024 ($1700) and a new condenser in 2025 ($2500). Unit 1841 and 1835 are identical and both furnished. Unit 1841 is currently leased at $2,000 per month, and unfurnished unit previously leased at $1,500 per month. Units 1837 and 1839 are also identical, with 1837 just had renovation completed. Situated on approximately one-quarter acre with on-site parking, this property offers existing rental income and substantial improvements already completed. Financial documents available upon requests.