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$410,000

1128 Stella Avenue N Lakeland, FL 33805 Multi Unit - Multiple Active

  • 1128 Stella Avenue N, Lakeland, FL 33805 Main Photo

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Description

Investment opportunity in Lakeland's Midtown with this two-story bungalow configured for rental income. Major system updates were completed in 2021 prior to the current owner's purchase, including roof, plumbing, electrical, and HVAC-providing added confidence for the next owner.Both units offer 3 bedrooms and 2 bathrooms. Unit A features a distinctive multi-level layout, with entry on the lower level where the washer and dryer hookups are located, and the main living areas and kitchen upstairs. While it does not include a formal living room, one of the bedrooms can serve as a flexible living space. Unit B is located on the lower level and offers a more traditional layout. Both units include eat-in kitchens and washer and dryer hookups.Currently tenant occupied through Section 8, both units have indicated plans to vacate in the coming months-creating an opportunity for repositioning, leasing at market rates, or owner occupancy. Owner currently pays utilities.The property features a large, inviting front porch, gated front yard, spacious driveway for ample parking, and a generous backyard.Conveniently located near downtown Lakeland, shopping, dining, and major roadways.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.16 Acres
Roof Type: Shingle
Taxes: $4,273
Year Built: 1925

General Information

Bedrooms: 6
Sqft: 2,038
County: Polk
High School: Tenoroc Senior
Subdivision: BON AIR
Listed By:
Kristin Kellin KELLER WILLIAMS REALTY SMART 863-577-1234

Amenities

Ceiling Fans(s)
Eat-in Kitchen
Stone Counters
Fence
None

Property Features

Annual Net Income: 41000.00
Appliances: Range, Refrigerator
Directions: Memorial heading E turn left onto Lakeland Hills Blvd, Turn right onto E Garden St, Turn right onto Stella, property will be on your right.
Exterior: Frame
Flood Zone Code: X
Foundation: Crawlspace
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: City Limits, Paved
Lot Dimensions: 0.16
Other Equipment: None
Ownership: Fee Simple
Parking: Driveway
Parking Notes: Driveway
Patio/Porch: Front Porch
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, See Remarks, ShowingTime
Special Sale Provisions: None
Utilities: Electricity Connected, Public, Sewer Connected
Water: Public
Water Access Y/N: No
Zoning: RB-1
$410,000
6beds
2,038sqft
New to the Market Active
BEDS6 BATHS SQUARE FEET2,038 MLS#L4961192
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONBON AIR

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1128 Stella Avenue N, Lakeland, FL 33805.

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Estimated Payment

$ 1,858.53 per month $1,382.86 Principal & Interest $356.08 Property Tax $119.58 Homeowner's Insurance

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