DESCRIPTION:

Solid duplex opportunity in Lakeland’s 33815 zip — two 2/1 units at 740 square feet each, totaling 1,480 square feet across a well-laid-out multi-family footprint. The property has separate meters already in place, which keeps utility management clean and landlord expenses lean, and there’s alleyway access in the back with dedicated tenant parking — a genuine amenity that reduces turnover friction and makes the units easier to rent.

The renovation scope is comprehensive but straightforward: interior and exterior paint, full kitchen remodel, bathroom updates, flooring replacement, HVAC, and windows. Yes, it’s a full cosmetic refresh, but you’re coming in at a price point that gives you real room to work with. Similar renovated units in the immediate area are renting upwards of $1,500 per side, which puts your gross monthly rent at $3,000 and annual gross at $36,000 once stabilized.

Lakeland sits in one of Central Florida’s stronger secondary rental markets — steady employment base, consistent rental demand, and no HOA to eat into your returns. This is a clean buy-and-hold play where the numbers work.

*** This will be the cheapest duplex in the area and cheapest sale in the last 12 months. ***

*** 6 hours after inspection a tree hit the property causing roof damage. New roof will be installed prior to closing. ***

COMPS: 

709/711 N Virgina Ave, Lakeland, FL 33815. Sold for $233k in 02/26
—> 1920 Build. Frame. 1560 sqft. 2/1’s. Beat up rental condition.

612 Pear Street, Lakeland, Fl 33815. Sold For $213k 04/25
—> Block version of ours. Only 1225 sqft. 2/1’s. Rented out units for $1500/each

927 N Tennessee Ave, Lakeland, FL 33801 Sold for $186k in 09/26
—> 1925 Build. Only 984 sqft. 2/1’s. Frame. Worse condition.