Residential Property - Single Family Residence in Lakeland
Listing Price: $199,000
Description of Property
Investor Special – Don’t miss this incredible income-producing property offering instant cash flow from reliable tenants! This spacious 5-bedroom, 3-bathroom home sits on a corner lot and features a converted garage currently serving as an additional bedroom. The original garage door remains in place, giving buyers the flexibility to easily restore it to a garage if desired. The home is tenant-occupied with a lease through November 30, 2026, generating $2,400 per month in rental income and delivering an impressive cap rate above 12%. Located in a stable rental area of Lakeland, this property offers strong returns and long-term potential for any investor’s portfolio. A great opportunity to purchase a turn-key rental with solid tenants and steady revenue from day one!
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Lakeland
County: Polk
Subdivision: Orangewood Community
Bedrooms: 5
Bathrooms: 3
Sq. Ft. Gross: 1,521
Sq. Ft. Living Area: 1,521
Cost per (heated) sqare foot: $131
Year built: 1987
Annual Tax: $2,210
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances: Refrigerator
Flooring: Tile
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Block
Foundation: Slab
Roof: Shingle
Exterior Features: Private Mailbox
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 0.15
Lot Size (sq. ft.): 6,608 square feet
Lot Dimensions: 68 x 100
Front Exposure: East
Legal Description & Other Information
Financing Available: Cash
Parcel Number: 232812057101000700
Zoning: PUD
Tax Legal Desc.: ORANGEWOOD COMMUNITY PB 78 PG 50 LOT 70
Section: 12
Range: 23
Listing courtesy of GOLD REAL ESTATE SOLUTIONS. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
