NOT LISTED FOR SALE

Estimated Value: $314,000 - $386,524

4 Beds
3 Baths
1,838 Sq Ft
$189/Sq Ft Est. Value

Last Sold September 27, 2021

Last sale price $320,000 $174 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,196/month

41 Days on Market

Highlights

  • 0.34 Acre Lot
  • No HOA
  • Outdoor Storage
  • Lincoln Avenue Academy Rated A-
  • Awning
  • Central Heating and Cooling System

About This Home

As of September 2021

Location is key with this one of a kind cash flowing property. Located in the heart of Lakeland, this 2 unit home is within minutes of Lake Parker, Publix field and Lakeland Regional Hospital. This furnished home is an ideal cash cow with class A tenants lining up to lease. The front unit consists of 2 extra large bedrooms and 1.5 baths. This unit is currently rented to professional baseball players in season for the Detroit Tigers minor league team and has a long history with players as tenants. The back unit is a 1 bed 1 bath with plenty of room and storage and is consistently rented to traveling nurses. Both have private entrances along with a shared screened patio. There are two large sheds on property that can be used for tenant storage as an additional revenue stream. The oversized lot can also accommodate an additional garage or boat parking. House was recently replumbed, roof was replaced in 2018, AC in 2015 and both units have been meticulously maintained due to the quality of tenants the home attracts. This is truly a low maintenance cash-flowing property ideal for short term rentals, AirBnB or putting in a long term tenant looking to stay close to some of Lakeland's best amenities. The home can also be delivered vacant and would make an ideal multi-generational home or house hack; live in one side and have the other pay your mortgage!

Last Agent to Sell the Property

David Quinones

LPT REALTY, LLC License #3437607 Listed on: 06/21/2021

LPT REALTY, LLC

Last Buyer's Agent

Sheetal Thakur

WYNNMORE REALTY LLC License #3404268

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $913

Year Built

  • Built in 1981

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100x150

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,838 Sq Ft Home
  • Ceiling Fan
  • Awning
  • Window Treatments

Parking

  • 1 Carport Space
  • Parking Pad
  • Driveway

Additional Features

  • Outdoor Storage
  • Central Heating and Cooling System

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Acreage Subdivision

Building Details

  • Gross Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$913

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1838
  • Lot Size Acres: 0.34
  • New Construction: No
  • Year Built: 1981
  • Lot Size Sq Ft: 14810
  • Directions to Property: Heading North on Lakeland Hills Blvd (Massachusetts) turn right onto E Bella Vista. House is on right hand side.
  • Status: Sold
  • Street Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/L4923534?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/L4923534?w=Customer
  • Unit Count: 2
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.95522
  • Price per Sq Ft: 174.1
  • Close to Original List Price Ratio: 0.91429
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s), Window Treatments
  • Foundation Details: Slab
  • Street Number Modifier: 833
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Awning(s), Storage
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Driveway, Parking Pad
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Electricity Connected, Public, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: RA-3
  • Parcel Number: 24-28-07-000000-013030
  • Additional Parcels: No
  • Lot Dimensions: 100x150
  • Flood Zone Code: X
  • Flood Zone Date: 2016-12-22

Rental Info

  • Furnished: Negotiable
  • Total Actual Rent: 3200

Multi Family

  • Gross Income: 38400
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 913.24
  • Tax Book Number: P-81
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2021
Closed on
Sep 27, 2021
Sold by
Page Beverly
Bought by
Ulysse Vanessa
Seller's Agent
David Quinones
LPT REALTY, LLC
Buyer's Agent
Sheetal Thakur
WYNNMORE REALTY LLC
List Price
$335,000
Sold Price
$320,000
Premium/Discount to List
-$15,000
-4.48%
Current Estimated Value
$337,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,227
Avg. Annual Appreciation
0.31%
Original Mortgage
$270,000
Outstanding Balance
$248,871
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$75,027

Purchase Details

Closed on
Sep 24, 2015
Sold by
Shedd Donald C
Bought by
Page Beverly

Purchase Details

Closed on
Feb 19, 2010
Sold by
Shedd Lynda G
Bought by
Shedd Donald C

Purchase Details

Closed on
Jan 16, 2008
Sold by
Shedd Donald C
Bought by
Gunter Glen and Shedd Lynda G

Purchase Details

Closed on
Oct 22, 2003
Sold by
Gunter Glen and Shedd Lynda G
Bought by
Gunter Glen and Shedd Lynda G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
5.94%
Mortgage Type
Credit Line Revolving
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
Ulysse Vanessa $320,000 United Ttl Group Of Lakeland
Page Beverly $85,000 Midflorida Title Professiona
Shedd Donald C -- None Available
Shedd Donald C $5,000 None Available
Gunter Glen -- None Available
Gunter Glen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ulysse Vanessa $270,000
Previous Owner Page Beverly $50,000
Previous Owner Shedd Lynda R $2,500
Previous Owner Gunter Glen $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2021 09/27/21 Sold $320,000 -4.5% $174 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $335,000 0.0% $182 / Sq Ft
07/13/2021 07/13/21 Pending -- -- --
07/06/2021 07/06/21 Price Changed $335,000 0.0% $182 / Sq Ft
07/06/2021 07/06/21 For Sale $335,000 -4.3% $182 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
06/19/2021 06/19/21 For Sale $350,000 -- $190 / 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
2023 $4,305 $278,726 $35,481 $243,245
2022 $4,325 $235,429 $14,980 $220,449
2021 $929 $91,887 $0 $0
2020 $913 $90,618 $0 $0
2018 $879 $87,230 $0 $0
2017 $865 $86,216 $0 $0
2016 $828 $83,463 $0 $0
2015 $430 $46,644 $0 $0
2014 $400 $46,274 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: L4923534

Stellar MLS

APN: 24-28-07-000000-013030