NOT LISTED FOR SALE

938 E Palmetto St Lakeland, FL 33801

Downtown Lakeland Neighborhood
4 Beds
3 Baths
2,100 Sq Ft
0.31 Acres

Last Sold July 15, 2022

Last sale price $420,000 $200 Per Sq Ft

6 Days on Market

Highlights

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

About This Home

As of July 2022

Beautifully renovated triplex located in the heart of the Lakeland Historic District, steps from Lake Morton. This turnkey property currently operates at a 6% cap rate (total monthly rent of $3,120), with the ability to increase rents by at least 10% on two of three units as one tenant is month to month and other up for renewal at end of July. All units include new A/C units, stainless steel appliances. kitchen cabinets, luxury vinyl blank flooring, modern fixtures, washer/dryer in unit and more. Two of the three units include quartz countertops. Tenants are responsible for all utilities. Do not visit property or contact tenants. Agent maintains an interest in the ownership entity.

Last Agent to Sell the Property

Greg Wilkerson

SOUTH CEDAR REAL ESTATE, INC License #3439534 Listed on: 05/25/2022

Last Buyer's Agent

Jack Miller

COLDWELL BANKER REALTY License #656228

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,316

Year Built

  • Built in 1951

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 100x135

Home Design

  • Triplex
  • Shingle Roof

Interior Spaces

  • 2,100 Sq Ft Home
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Wrights H A Add 01 Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,316

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Construction Materials: Other
  • Fireplace: No
  • Living Area: 2100
  • Lot Size Acres: 0.31
  • New Construction: No
  • Year Built: 1951
  • Lot Size Sq Ft: 13499
  • Directions to Property: From I-4, Take exit 28 toward US-92/Lakeland. Continue on FL-546/W Memorial Blvd. Take Bartow Rd to E Palmetto St. Property located on North side of Palmetto St.
  • Status: Sold
  • Street Direction: E
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 521662179
  • RATIO Current Price By Calculate: 200.00
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 0
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Other
  • Foundation Details: Crawlspace
  • Total Bedrooms: 4
  • Street Number Modifier: 938
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 195.10

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Other
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: MF-12
  • Parcel Number: 24-28-19-225000-001060
  • Additional Parcels: No
  • Lot Dimensions: 100x135
  • Flood Zone Code: X
  • Lot Size Square Meters: 1254

Green Features

  • Green Verification Count: 0

Multi Family

  • Number Of Units Total: 3
  • Total Num Buildings: 2
  • Unit Count: 3

Tax Info

  • Tax Annual Amount: 2315.66
  • Tax Block: A
  • Tax Book Number: 2-103
  • Tax Lot: 6

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2022 07/15/22 Sold $420,000 -3.4% $200 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
05/25/2022 05/25/22 For Sale $435,000 0.0% $207 / Sq Ft
08/16/2021 08/16/21 Rented $1,275 0.0% --
08/09/2021 08/09/21 For Rent $1,275 0.0% --
08/02/2021 08/02/21 Rented $1,275 0.0% --
07/21/2021 07/21/21 For Rent $1,275 0.0% --
02/26/2018 02/26/18 Sold $120,000 -11.1% $64 / Sq Ft
02/13/2018 02/13/18 Pending -- -- --
01/16/2018 01/16/18 For Sale $135,000 -- $72 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Greg Wilkerson

    Seller's Agent in 2022

    Greg Wilkerson

    SOUTH CEDAR REAL ESTATE, INC

    (813) 235-5685

    2 in this area

    14 Total Sales

    Greg Wilkerson
    Section Image
  • Jack Miller

    Buyer's Agent in 2022

    Jack Miller

    COLDWELL BANKER REALTY

    (863) 581-6957

    4 in this area

    38 Total Sales

    Jack Miller
    Section Image

  • J

    Seller's Agent in 2018

    James Villarroel

    REALPRO INC

    (954) 999-2895

    21 Total Sales

    James Villarroel
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: O6028621

Stellar MLS

APN: 242819225000001060

Florida Polk County Lakeland 33801 Downtown Lakeland

938 E Palmetto St, Lakeland, FL

This home is located at 938 E Palmetto St, Lakeland, FL 33801 since 25 May 2022. This property was built in 1951. 938 E Palmetto St is a home located in Polk County with nearby schools including Philip O'brien Elementary School, Rochelle School Of The Arts, and Combee Academy of Design & Engineering.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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