BEDS6
BATHS
SQUARE FEET2,038
MLS#L4961192
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBON AIR
Property Description
Investment opportunity in Lakeland's Midtown with this two-story bungalow configured for rental income. Major system updates were completed in 2021 prior to the current owner's purchase, including roof, plumbing, electrical, and HVAC-providing added confidence for the next owner.Both units offer 3 bedrooms and 2 bathrooms. Unit A features a distinctive multi-level layout, with entry on the lower level where the washer and dryer hookups are located, and the main living areas and kitchen upstairs. While it does not include a formal living room, one of the bedrooms can serve as a flexible living space. Unit B is located on the lower level and offers a more traditional layout. Both units include eat-in kitchens and washer and dryer hookups.Currently tenant occupied through Section 8, both units have indicated plans to vacate in the coming months-creating an opportunity for repositioning, leasing at market rates, or owner occupancy. Owner currently pays utilities.The property features a large, inviting front porch, gated front yard, spacious driveway for ample parking, and a generous backyard.Conveniently located near downtown Lakeland, shopping, dining, and major roadways.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.16 Acres
Roof Type: Shingle
Taxes: $4,273
Year Built: 1925
Amenities
Ceiling Fans(s)
Eat-in Kitchen
Stone Counters
Fence
None
Feature Descriptions
Annual Net Income: 41000.00
Appliances: Range, Refrigerator
Directions: Memorial heading E turn left onto Lakeland Hills Blvd, Turn right onto E Garden St, Turn right onto Stella, property will be on your right.
Exterior: Frame
Flood Zone Code: X
Foundation: Crawlspace
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: City Limits, Paved
Lot Dimensions: 0.16
Other Equipment: None
Ownership: Fee Simple
Parking: Driveway
Parking Notes: Driveway
Patio/Porch: Front Porch
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, See Remarks, ShowingTime
Special Sale Provisions: None
Utilities: Electricity Connected, Public, Sewer Connected
Water: Public
Water Access Y/N: No
Zoning: RB-1
Local Schools
High School: Tenoroc Senior
Middle School: Crystal Lake Middle/Jun
Elementary School: Carlton Palmore Elem
Listed By / Shown By
Listed By
Agency Name: KELLER WILLIAMS REALTY SMART
Agency Contact: 863-577-1234
Shown By
Agency Title: Florida Executive Realty - New Construction
Agency Phone: 813-908-8500
Estimate Your Payment
Estimated Payment
$ 1,388.15 per month $912.48 Principal & Interest $356.08 Property Tax $119.58 Homeowner's Insurance
1128 Stella Avenue N | MLS# L4961192
This multi-family property located at 1128 Stella Avenue N, Lakeland, FL 33805 is currently listed for sale with an asking price of $410,000. Search Lakeland real estate on www.floridaexecutivenewhomes.com today.