1310 N Combee Rd Lakeland, FL 33801
Combee Settlement NeighborhoodEstimated payment $4,902/month
Highlights
- 2.2 Acre Lot
- No HOA
- 2 Car Attached Garage
- Lincoln Avenue Academy Rated A-
About This Home
Combee Apartments, is a stabilized 8-unit multifamily property located at 1310 N Combee Rd in Lakeland, Florida. Set on a large 2.2-acre parcel, this five-building complex combines long-term income stability with future development potential in the heart of Central Florida’s high-demand Polk County submarket.
Built in 1950, the property includes a diverse unit mix of three 1-bedroom/1-bath units, four 2-bedroom/1-bath units, and one 2-bedroom/2-bath single-family home, totaling 6,331 square feet. All units are equipped with mini-split AC systems and feature block construction, slab foundations, and pitched shingle roofs. The layout allows for low-density living, ample tenant parking, and future flexibility.
Electricity and water are separately metered and paid by tenants, while the landlord covers sewer (septic) and trash services. The property is currently leased with below-market rents, offering immediate value-add potential through lease adjustments.
Strategically located near major employers, retail, and transportation corridors, Combee Apartments provides convenient access to downtown Lakeland and nearby I-4, making it an ideal choice for workforce housing. With solid bones, stable cash flow, and room for growth, this property represents a compelling opportunity for investors seeking scalability in one of Florida’s fastest-growing markets.
Listing Agent
FLORIDA REALTY INVESTMENTS Brokerage Phone: 407-207-2220 License #3470017 Listed on: 08/19/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,734
Year Built
- Built in 1931
Lot Details
- 2.2 Acre Lot
- Additional Parcels
Parking
- 2 Car Attached Garage
Home Design
- 6,331 Sq Ft Home
- Slab Foundation
- Shingle Roof
- Concrete Siding
Bedrooms and Bathrooms
- 13 Bedrooms
- 9 Bathrooms
Utilities
- Ductless Heating Or Cooling System
- Cooling System Mounted To A Wall/Window
- Septic Needed
Listing and Financial Details
- Legal Lot and Block 24 / 1
- Assessor Parcel Number 24-28-09-175500-012400
Community Details
Overview
- No Home Owners Association
- 5 Buildings
- 8 Units
- Lakewood Park Subdivision
Building Details
- Operating Expense $38,405
- Gross Income $98,895
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,734 | $141,161 | $60,479 | $80,682 |
| 2024 | $4,696 | $144,958 | $60,479 | $84,479 |
| 2023 | $4,696 | $184,659 | $60,479 | $124,180 |
| 2022 | $4,171 | $140,736 | $0 | $0 |
| 2021 | $3,920 | $144,505 | $60,479 | $84,026 |
| 2020 | $3,805 | $141,462 | $60,479 | $80,983 |
| 2018 | $3,630 | $137,195 | $60,479 | $76,716 |
| 2017 | $3,492 | $128,852 | $0 | $0 |
| 2016 | $3,257 | $120,641 | $0 | $0 |
| 2015 | $1,878 | $120,005 | $0 | $0 |
| 2014 | $3,009 | $116,835 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2025 09/10/25 | Price Changed | $850,000 | -5.6% | $134 / Sq Ft |
| 08/19/2025 08/19/25 | For Sale | $900,000 | +42.9% | $142 / Sq Ft |
| 01/31/2022 01/31/22 | Sold | $630,000 | 0.0% | $174 / Sq Ft |
| 01/31/2022 01/31/22 | For Sale | $630,000 | -- | $174 / Sq Ft |
| 01/01/2022 01/01/22 | Pending | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $630,000 | Paragon Title Group |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $504,000 | Purchase Money Mortgage |
Source: Stellar MLS
MLS Number: TB8419297
APN: 24-28-09-175500-012400
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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