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(386) 960-0076
Stork Real Estate
822 & 830 Shirley Ann Trail, Lakeland, FL 33809
- $673,500
- 8
- BD
- 8
- BA
- 1,938
- SqFt
- List Price
- $673,500
- Price Change
- ▲ $334,000 1792192486
- MLS#
- L4965785
- Type
- Multifamily
- Bedrooms
- 8
- Bathrooms
- 8
- Living Area
- 1,938
- Lot Size
- 11,622
- Subdivision
- Lake Gibson Villas
- Year Built
- 1978
Property Description
EXCELLENT INVESTMENT OPPORTUNITY IN GROWING NORTH LAKELAND! Don't miss this opportunity to acquire TWO well-maintained, income-producing concrete block duplexes at 822/824 and 830/832 Shirley Ann Trail, Lakeland, FL 33809! Together, these properties offer FOUR spacious 2-bedroom, 2-bathroom rental units, all currently occupied, generating $5,245 in monthly rental income and $62,940 in annual gross rental income! At a combined asking price of $699,800, this represents an attractive 9.0% GROSS ANNUAL RENTAL YIELD based on current rents, before operating expenses! Current monthly rents are $1,400, $1,400, $1,295, and $1,150, offering investors established income from day one. The duplex at 822/824 features a newer 2025 architectural shingle roof, fresh interior and exterior paint, and durable tile flooring throughout. The adjoining duplex at 830/832 will have a NEW ROOF installed prior to closing, providing additional value and peace of mind! Conveniently located in desirable North Lakeland, just minutes from I-4 with easy access to Tampa and Orlando, these properties are also close to US Highway 98 North, Walmart, shopping, restaurants, public transportation, and major employment centers. Lakeland continues to attract residents and businesses thanks to its strategic Central Florida location, expanding employment opportunities, and ongoing economic development, making it an attractive market for real estate investors. With established rental income, a history of long-term tenant renewals, and significant recent improvements, this is an excellent opportunity to expand your investment portfolio! IMPORTANT: BOTH DUPLEXES ARE BEING SOLD TOGETHER AS A FOUR-UNIT INVESTMENT PACKAGE. SELLER WILL NOT SELL THE PROPERTIES INDIVIDUALLY. Whether you're an experienced investor looking to expand your portfolio or seeking your next income-producing property, this opportunity deserves your attention! CALL TODAY for additional information, rental details, and an opportunity to make these FOUR income-producing units yours!
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Additional Information
- Community Features
- Street Lights, No Deed Restriction
- Annual Gross
- 62762
- Style
- Duplex
- Interior
- Ceiling Fans(s), Living Room/Dining Room Combo, Thermostat
- Interior Features
- Ceiling Fans(s), Living Room/Dining Room Combo, Thermostat
- Appliances
- Dishwasher, Electric Cooktop, Electric Water Heater, Range Hood, Refrigerator
- Exterior Construction
- Block, Concrete, Stucco
- Exterior
- Private Mailbox
- Roof
- Shingle
- Located Near
- Cul-De-Sac, In County, Landscaped, Paved
- Utilities
- Cable Available, Electricity Connected, Public
- Garage
- Driveway
- Floor
- Ceramic Tile
- Heating
- Central, Electric
- Cooling
- Central Air
- Pool Type
- No Pool
Listing courtesy of LAKELAND HOMES AND REALTY, LLC.
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