$395,000
$396,000
0.3%For more information regarding the value of a property, please contact us for a free consultation.
515 DUCHESS CT Lakeland, FL 33803
3,304 SqFt
Key Details
Sold Price $395,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,304 sqft
Price per Sqft $119
Subdivision Not In Subdivision
MLS Listing ID L4922648
Sold Date 06/30/21
Construction Status Financing,Inspections
HOA Y/N No
Year Built 1972
Annual Tax Amount $2,489
Lot Size 8,276 Sqft
Acres 0.19
Property Description
Incredible location with serious upside income potential. Quadplex containing 2 units that are 2/1.5 and 2 units are 2/1. Property is block construction and was re-plumbed in 2012. Each unit has a separate electric meter but water is paid by owner. Assigned parking in front with shared private green space for tenants. Includes a coin operated laundry room creating additional income. Each unit is occupied but the tenants are month-to-month or with current lease expiring shortly. With a little work units can rent for so much more. Each unit contains a refrigerator, stove, microwave, ceiling fans and dishwasher. Cap rate currently exceeds 7%. This is a rare opportunity to purchase multi-family block construction units in a highly desirable location.
Location
State FL
County Polk
Community Not In Subdivision
Interior
Interior Features Living Room/Dining Room Combo
Heating Central
Cooling Central Air
Flooring Carpet, Ceramic Tile, Vinyl
Fireplace false
Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Laundry Laundry Room
Exterior
Exterior Feature Other
Garage Assigned
Utilities Available Cable Connected, Public
Waterfront false
Roof Type Built-Up
Parking Type Assigned
Garage false
Private Pool No
Building
Lot Description City Limits
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Financing,Inspections
Schools
Elementary Schools Southwest Elem
Middle Schools Southwest Middle School
High Schools Kathleen High
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with THE SHOP REAL ESTATE CO.