Lakeland, FL 33801,518 FRANCIS BLVD
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Lakeland, FL 33801,518 FRANCIS BLVD
Lakeland, FL 33801,518 FRANCIS BLVD
Lakeland, FL 33801,518 FRANCIS BLVD
Lakeland, FL 33801,518 FRANCIS BLVD

$362,300

Est. payment /mo

$384,900

5.9%
Est.Price: ?

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518 FRANCIS BLVD Lakeland, FL 33801

4 Beds

3 Baths

2,414 SqFt

SOLD DATE : 04/24/2024

Key Details

Sold Price $362,300

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,414 sqft

Price per Sqft $150

Subdivision Biltmore Park Sub

MLS Listing ID L4942607

Sold Date 04/24/24

Bedrooms 4

Construction Status Financing

HOA Y/N No

Originating Board Stellar MLS

Year Built 1950

Annual Tax Amount $3,922

Lot Size 0.310 Acres

Acres 0.31

Property Description

Seize this exceptional investment opportunity in the Cumberland Historic District, ideally located near Florida Southern College, Grove Park, Lakeland High School, Lake Hollingsworth, and Historic Downtown Lakeland. This property features a diverse mix of units: a 2 bed/2 bath apartment with a large living room, oversized kitchen, and Florida room, currently rented for $1,125; a spacious 1 bed/1 bath with a huge living area and eat-in kitchen, potential rent of $1,350; and a detached 1 bedroom efficiency, currently at $900. Each unit has separate electric meters, and the duplex boasts newer central AC units, ensuring comfort and efficiency. Adding to its value, the property received a new roof in 2022, enhancing its appeal and durability. Impeccably maintained and strategically positioned, this property promises a lucrative passive income stream, making it an ideal addition to your investment portfolio. View and bring an offer today to capitalize on this rare opportunity for sustained income in a sought-after location. PLEASE DO NOT APPROACH / DISTURB TENANTS. By appointment only.
*Please also check out two duplexes (4 units) at 902 and 910 Castleway, Lakeland (MLS #s L4942603, L4942605).

Location

State FL

County Polk

Community Biltmore Park Sub

Zoning RB-1

Interior

Interior Features Ceiling Fans(s), Window Treatments

Heating Central

Cooling Central Air

Flooring Tile

Fireplace false

Appliance Range, Refrigerator

Laundry Other

Exterior

Exterior Feature Private Mailbox, Sidewalk

Utilities Available BB/HS Internet Available, Cable Available, Electricity Available, Public, Sewer Connected

Waterfront false

View City

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Construction Status Financing

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Num of Pet 2

Special Listing Condition None

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Stellar MLS
Listed by LAKELAND HOMES AND REALTY, LLC
Bought with LA ROSA REALTY ST. PETERSBURG

Stephen Michalakos

Senior Real Estate Advisor | License ID: SL3408427

+1(727) 601-8676

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