NOT LISTED FOR SALE

Lakeland, FL 33801

Downtown Lakeland Neighborhood

Estimated Value: $632,000 - $884,000

2 Beds
1 Bath
4,478 Sq Ft
$173/Sq Ft Est. Value

Last Sold April 26, 2022

Last sale price $735,000 $164 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,823/month

Highlights

  • City View
  • Central Heating and Cooling System
  • 5-minute walk to Barnett Family Park
  • Lincoln Avenue Academy Rated A-
  • Fenced

About This Home

As of April 2022

Fantastic Icome-Producing 5-apartment/unit building located near downtown Lakeland.

Last Agent to Sell the Property

Stellar Non-Member Agent

STELLAR NON-MEMBER OFFICE Listed on: 04/26/2022

STELLAR NON-MEMBER OFFICE

Last Buyer's Agent

Gavin Welch

GUARANTEE REALTY LLC License #3277546

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,203

Year Built

  • Built in 1974

Lot Details

  • 10,019 Sq Ft Lot
  • Fenced

Home Design

  • Bi-Level Home
  • Slab Foundation
  • Wood Frame Construction
  • Membrane Roofing
  • Block Exterior

Interior Spaces

  • 4,478 Sq Ft Home
  • City Views

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, water
  • Legal Lot and Block 5 / G
  • Assessor Parcel Number 24-28-18-205000-007052

Community Details

Overview

  • 4,600 Sq Ft Building
  • Mortons Add Subdivision

Building Details

  • Gross Income $66,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,203

Year Built

Built in 1974

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Multi-Family
  • Construction Materials: Block, Wood Frame
  • Fireplace: No
  • Living Area: 4478
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 1974
  • Building Area Total: 4600
  • Lease Term: 12 Months
  • Lot Size Sq Ft: 10019
  • Tenant Pays: Electricity, Water
  • Status: Sold
  • Street Direction: E
  • Unit Count: 2
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Planned Unit Development Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 164.14
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 159.78
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Foundation Details: Slab
  • Levels: Two
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Fenced, Sidewalk
  • Roof: Membrane
  • Pool Private: No
  • View: City
  • Waterfront: No
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12105C0315G

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Zoning: MF-22
  • Parcel Number: 24-28-18-205000-007052
  • Additional Parcels: No
  • Property Attached Yn: Yes
  • Flood Zone Code: X
  • Flood Zone Date: 2016-12-22

Rental Info

  • Total Actual Rent: 4400

Multi Family

  • Gross Income: 66000
  • Number Of Units Total: 5

Tax Info

  • Tax Annual Amount: 4203
  • Tax Block: G
  • Tax Book Number: Q-79
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2024
Sold by
Forest Hill Rva Llc
Bought by
Lapi Lodge Llc
Current Estimated Value
$772,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,750
Outstanding Balance
$608,820
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$163,663

Purchase Details

Listed on
Apr 26, 2022
Closed on
Apr 26, 2022
Sold by
Land Trust 103410361038 and Land Trust 102610281030
Bought by
Forest Hill Rva Llc
Seller's Agent
Stellar Non-Member Agent
STELLAR NON-MEMBER OFFICE
Buyer's Agent
Gavin Welch
GUARANTEE REALTY LLC
List Price
$735,000
Sold Price
$735,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.31%
Original Mortgage
$735,000
Interest Rate
1%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 16, 2021
Closed on
Jul 16, 2021
Sold by
Evamar Capital Llc
Bought by
Under Land Trust and Our Lady/Santa Rosa Foundation
Seller's Agent
Stellar Non-Member Agent
STELLAR NON-MEMBER OFFICE
Buyer's Agent
Milton De La Cruz
LAKELAND HOMES AND REALTY, LLC
List Price
$565,000
Sold Price
$565,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.11%

Purchase Details

Closed on
Jan 31, 2017
Sold by
Leverett Robert E
Bought by
Evamar Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,675
Interest Rate
4.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 22, 2004
Sold by
Clifford Mary Ann
Bought by
Leverett Robert E

Purchase Details

Closed on
Nov 7, 2001
Sold by
Bagley Dan S and Bagley Ann H
Bought by
Clifford Mary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.67%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lapi Lodge Llc $825,000 Golden Rule Title
Lapi Lodge Llc $825,000 Golden Rule Title
Forest Hill Rva Llc $735,000 Advantage Title Services
Forest Hill Rva Llc $735,000 Advantage Title Services
Under Land Trust $565,000 None Listed On Document
Under Land Trust $565,000 None Listed On Document
Evamar Capital Llc $279,000 Attorney
Leverett Robert E $185,000 Lakeland Title Agency
Clifford Mary A $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lapi Lodge Llc $618,750
Closed Lapi Lodge Llc $618,750
Previous Owner Forest Hill Rva Llc $735,000
Previous Owner Evamar Capital Llc $181,675
Previous Owner Clifford Mary A $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/26/2022 04/26/22 Sold $735,000 0.0% $164 / Sq Ft
04/26/2022 04/26/22 For Sale $735,000 +30.1% $164 / Sq Ft
04/06/2022 04/06/22 Pending -- -- --
07/16/2021 07/16/21 Sold $565,000 0.0% $126 / Sq Ft View Prior Sale
07/16/2021 07/16/21 For Sale $565,000 -- $126 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
Source: Stellar MLS

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 $10,128 $504,900 $44,000 $358,242
2024 $11,330 $561,000 $44,000 $350,109
2023 $11,330 $621,528 $42,000 $2,608
2022 $7,131 $388,174 $35,000 $353,174
2021 $4,834 $242,495 $0 $0
2020 $4,203 $220,450 $25,000 $195,450
2018 $4,337 $220,519 $25,000 $195,519
2017 $2,018 $102,584 $0 $0
2016 $1,983 $99,270 $0 $0
2015 $1,940 $95,382 $0 $0
2014 $1,635 $86,885 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Gavin Welch

    Buyer's Agent in 2022

    Gavin Welch

    GUARANTEE REALTY LLC

    (863) 670-0303

    3 in this area

    48 Total Sales

    Gavin Welch
    Section Image
  • Milton De La Cruz

    Buyer's Agent in 2021

    Milton De La Cruz

    LAKELAND HOMES AND REALTY, LLC

    (863) 899-6030

    8 in this area

    118 Total Sales

    Milton De La Cruz
    Section Image

  • C

    Buyer Co-Listing Agent in 2021

    Carla Morey

    LAKELAND HOMES AND REALTY, LLC

    (863) 248-7260

    1 in this area

    29 Total Sales

    Carla Morey
    Section Image
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Source: Stellar MLS

MLS Number: J946471

Stellar MLS

APN: 24-28-18-205000-007052

Florida Polk County Lakeland 33801

Downtown Lakeland

Not Listed for Sale

MultiFamily

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Stellar MLS Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID

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

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