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Key Details
Sold Price $575,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,056 sqft
Price per Sqft $141
Subdivision Crystal Grove
MLS Listing ID O6213314
Sold Date 07/29/24
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 1986
Annual Tax Amount $5,400
Lot Size 0.460 Acres
Acres 0.46
Lot Dimensions 105x158
Property Description
The owner said it is time for him to sell his wonderful quadplex, and lucrative property! This quad consists of four spacious apartments, each with two bedrooms and two bathrooms. With long-term tenants in place on a couple of the units, it's clear that this is a desirable place for them to live. Property is a very disireable investment. The location is ideal, and each unit features a living room, dining room, kitchen with appliances, and an inside laundry room. The property has been well-maintained, with newer AC systems and other amenities. Tenants are responsible for all utilities, and the quad is conveniently situated near downtown Lakeland, offering easy access to shopping, employment, entertainment, and schools. Don't miss the opportunity to see these well-designed units. Being that tenants have been long term tenants the a few of the rents are below market value. Comps bring the rents in between 1300 and 1375 per month. Owner did not want to raise rents to market value to displace any of the older tenants. schedule a viewing today before it's too late!
Location
State FL
County Polk
Community Crystal Grove
Zoning PUD
Interior
Interior Features Living Room/Dining Room Combo, Walk-In Closet(s)
Heating Central, Electric
Cooling Central Air
Flooring Carpet, Tile
Fireplace false
Laundry Electric Dryer Hookup, Laundry Room, Washer Hookup
Exterior
Exterior Feature Sidewalk
Utilities Available Cable Connected, Electricity Connected, Fire Hydrant, Sewer Connected, Street Lights, Water Connected
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Lot Description Corner Lot, Sidewalk, Private
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Wood Frame
New Construction false
Construction Status No Contingency
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with CAP X REAL ESTATE LLC
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