NOT LISTED FOR SALE

Estimated Value: $369,000 - $766,527

4 Beds
6 Baths
4,960 Sq Ft
$126/Sq Ft Est. Value

Last Sold November 10, 2017

Last sale price $355,000 $72 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $4,032/month

Highlights

  • No HOA
  • Central Heating and Cooling System
  • High Speed Internet
  • Lincoln Avenue Academy Rated A-

About This Home

As of November 2017

This 6-unit multiplex is located in beautiful Lakeland, FL and offers a great long-term investment. The complex has been 100% occupied for over three years and is generating over $34,000 in annual Net Operating Income. The property is located on a brick-paved street just a few blocks from picturesque Lake Morton and each unit has its own private, fenced-in back patio area. Also included are 10 on-site parking spaces. This is a great opportunity to acquire a well-performing, medium sized investment property.

Last Agent to Sell the Property

Stellar Non-Member Agent

Stellar Non-Member Office Listed on: 10/04/2017

Stellar Non-Member Office

Last Buyer's Agent

Kristin Kellin

KELLER WILLIAMS REALTY SMART License #3317559

KELLER WILLIAMS REALTY SMART

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,844

Year Built

  • Built in 1969

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 129x114

Parking

  • Open Parking

Home Design

  • 4,960 Sq Ft Home
  • Brick Exterior Construction
  • Shingle Roof
  • Block Exterior

Utilities

  • Central Heating and Cooling System
  • High Speed Internet

Community Details

  • No Home Owners Association
  • 2 Buildings
  • 6 Units
  • Johnsons T H Sub Subdivision

Listing and Financial Details

  • Legal Lot and Block 25 / C
  • Assessor Parcel Number 24-28-19-236500-003250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,844

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Block, Brick
  • Living Area: 4960
  • Lot Size Acres: 0.31
  • New Construction: No
  • Year Built: 1969
  • Lot Size Sq Ft: 13499
  • Directions to Property: Lake Morton Dr. to E Palmetto St. Turn Right. Then turn onto Johnson Ave. The property is on the right.
  • Status: Sold
  • Street Post Direction: S
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • List Office Head Office Key Nume: 1051524
  • RATIO Current Price By Calculate: 71.57
  • Total Acreage: 1/4 Acre to 21779 Sq. Ft.
  • Water Access YN: 0
  • Tax Year: 2016
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 754
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Sidewalk
  • Roof: Shingle
  • Home Warranty: No
  • Pool Private: No
  • Waterfront: No
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2016-12-22T00:00:00.000
  • Flood Zone Panel: 12105C0315G

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: None, Open

Utilities

  • Utilities: BB/HS Internet Available
  • Cooling: Central Air
  • Heating: Central

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Association: No
  • Senior Community: No
  • Association Fee Requirement: None

Lot Info

  • Zoning: RA-4
  • Parcel Number: 24-28-19-236500-003250
  • Additional Parcels: No
  • Lot Dimensions: 129x114
  • Flood Zone Code: X

Multi Family

  • Number Of Units Total: 6
  • Total Num Buildings: 2
  • Unit Count: 8

Tax Info

  • Tax Annual Amount: 2844
  • Tax Block: C
  • Tax Book Number: 4-55
  • Tax Lot: 25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2025
Sold by
Bogdanos Family Trust and Bogdanos Alexander
Bought by
Ab & Tb Rentals Llc
Current Estimated Value
$624,382

Purchase Details

Listed on
Oct 4, 2017
Closed on
Nov 10, 2017
Sold by
Lanzano Bernadine and Scarborough Michael
Bought by
Bogdanos Leonard and The Bogdanos Family Trust
Seller's Agent
Stellar Non-Member Agent
Stellar Non-Member Office
Buyer's Agent
Kristin Kellin
KELLER WILLIAMS REALTY SMART
List Price
$350,000
Sold Price
$355,000
Premium/Discount to List
$5,000
1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.56%
Original Mortgage
$266,250
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 23, 2008
Sold by
Lanzano Bernadine C
Bought by
Lanzano Paolo and Lanzano Bernadine

Purchase Details

Closed on
May 24, 2007
Sold by
Lanzano Paolo and Lanzano Bernadine C
Bought by
Lanzano Investments Inc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ab & Tb Rentals Llc $100 None Listed On Document
Ab & Tb Rentals Llc $100 None Listed On Document
Bogdanos Leonard $355,000 Home Solution Title Inc
Lanzano Paolo -- Attorney
Lanzano Investments Inc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bogdanos Leonard $266,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2018 03/08/18 Off Market $355,000 -- --
11/10/2017 11/10/17 Sold $355,000 +1.4% $72 / Sq Ft
10/04/2017 10/04/17 Pending -- -- --
10/04/2017 10/04/17 For Sale $350,000 -- $71 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

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 $7,628 $464,746 -- --
2024 $7,338 $422,496 $68,000 $309,660
2023 $7,338 $402,539 $66,000 $336,539
2022 $6,790 $369,650 $55,000 $314,650
2021 $6,401 $338,434 $55,000 $283,434
2020 $5,914 $310,220 $59,450 $250,770
2018 $6,095 $309,894 $59,450 $250,444
2017 $2,873 $146,032 $0 $0
2016 $2,844 $142,373 $0 $0
2015 $2,782 $136,765 $0 $0
2014 $2,927 $135,295 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: L4724260

Stellar MLS

APN: 24-28-19-236500-003250