For SaleQuadruplexActive
902 E Lime Street
Lakeland, FL 33801
$499,000
38 Days On Site
- 2,048Sq Ft
- $244Per Sq Ft
- 0.23Acres
- 1948Built
- Subdivision
- Mortons Add
- County
- Polk
- MLS®
- L4965488
Overview
Fully leased four-unit investment opportunity near Downtown Lakeland! Located at 902-904 E Lime Street, this income-producing property features four residential units, each offering 1 bedroom, 1 bathroom, a kitchen, and living area. Two units are located within the main residence, with two additional units situated in the detached rear building, creating a unique multifamily configuration with separation between the structures.
All four units are currently leased and generate approximately $4,450 per month in gross rental income. The owner currently pays utilities, averaging approximately $634 per month, providing prospective investors with established income and operating history from day one. The property has also demonstrated a strong history of occupancy; prior marketing materials report that it maintained full occupancy for more than a decade.
Situated in the Downtown Lakeland area, the property offers convenient access to shopping, dining, employment centers, major roadways, and the amenities of Lakeland’s urban core.
With 100% current occupancy, $53,400 in annual gross rental income based on current rents, and four self-contained living units, this is an opportunity to acquire an established multifamily property in a central Lakeland location. Please do not disturb tenants. Showings by appointment only. Buyer to verify all measurements, unit information, leases, income, expenses, zoning, and property details.
Listing Snapshot
- Price
- $499,000
- Days On Site
- 38 Days
- Bedrooms
- N/A
- Inside Area (SqFt)
- 2,048 sqft
- Total Baths
- N/A
- Full Baths
- N/A
- Partial Baths
- 0
- Lot Size
- 0.23 Acres
- Year Built
- 1948
- MLS® Number
- L4965488
- Status
- Active
- Property Tax
- $2,187.46 (2025)
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Public Records
Property Details
General Features
11 items
- Acres
- 0.23
- Levels
- One
- Parking
- Driveway, Off Street, Parking Pad
- Pets
- Cats OK, Dogs OK
- Property Sub Type
- Quadruplex
- Security
- Smoke Detector(s)
- Sewer
- Public Sewer
- SqFt Total
- 2,803
- Utilities
- Cable Available, Electricity Connected, Propane, Sewer Connected, Water Connected
- Water Source
- Public
- Zoning
- MF-22
Interior Features
7 items
- Appliances
- Microwave, Range, Refrigerator
- Basement
- Crawl Space
- Flooring
- Carpet, Ceramic Tile, Laminate
- Furnished
- Unfurnished
- Heating
- Propane
- Laundry Features
- Common Area, Electric Dryer Hookup, Washer Hookup
- Window Features
- Blinds
Exterior Features
5 items
- Construction Details
- Frame
- Lot Features
- Paved
- Patio And Porch
- Enclosed, Front Porch
- Roof
- Shingle
- Windows/Doors
- Blinds
Community Features
3 items
- MLS Area
- 33801 - Lakeland
- Township
- 28
- Roads
- Paved
Location
902 E Lime Street, Lakeland, FL 33801 · 33801 - Lakeland
Neighborhood & Commute
ZIP Code 33801
- Median household income
- $43,885
- Income per person
- $22,353
- Households
- 14,845
- Average household size
- 2.35
- Median age
- 34.3
Source: Walk Score.
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Schools
- Elementary School
- Philip O’Brien Elementary
- Middle School
- Sleepy Hill Middle
- High School
- Lakeland Senior High
Price & Status History
- Listing updated with changes from the MLS®
- Listing first seen on site
- Status changed to Active
Friends & Family
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