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$399,000

115 Emma Street Lakeland, FL 33815 Multi Unit - Multiple Active

  • 115 Emma Street , Lakeland, FL 33815 Main Photo

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Description

Don't miss this exceptional redevelopment and income-producing opportunity in the rapidly growing Lakeland market. Situated on a single parcel, this property consists of three total residential units across two separate buildings:* One duplex with separate electric meters for each unit.* One detached single-family home.Included with the sale are professionally completed Mechanical, Electrical, and Plumbing (MEP) plans, providing a significant head start for redevelopment and substantially reducing the time and expense required before construction.Proposed Redevelopment Plans* Detached Single-Family Home: Reconfigured into a modern 3-bedroom, 2-bathroom residence.* Duplex: Complete redesign into two expansive 5-bedroom, 3-bathroom units, creating a total of 13 bedrooms and 8 bathrooms across the property.The proposed layouts maximize rental potential while incorporating modern floor plans, updated building systems, and efficient use of space. Whether your strategy is traditional multifamily rentals, co-living, workforce housing, or another high-income rental model, this property offers exceptional flexibility.Located just minutes from downtown Lakeland with convenient access to Interstate 4, the property benefits from strong rental demand while offering easy access to both Tampa and Orlando.

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: None
Heating: None
Lot Size: 0.10 Acres
Roof Type: Shingle
Taxes: $1,903
Year Built: 1900

General Information

Bedrooms: 7
Sqft: 2,696
County: Polk
Subdivision: PATTERSON & COX
Listed By:
Jorge Zea BLUE LIGHTHOUSE REALTY INC 855-550-0528

Amenities

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Other

Property Features

Annual Net Income: 0.00
Days on Site: 2
Directions: turn right onto FL-33 North toward Lakeland Continue on FL-33 North for 2.5 miles.Turn left onto US-98 / North Florida Avenue.Continue for 0.3 miles.Turn right onto Emma Street.Continue for 1.1 miles.will be 150 feet ahead on your right.
Flood Zone Code: X
Foundation: Other
Home Warranty Y/N: No
Lot Dimensions: 0.1
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Triplex
Sewer: Other
Showing Instructions: Appointment Only, Call Owner, Call Seller Direct, Other, See Remarks
Special Sale Provisions: None
Utilities: Other
Water: See Remarks
Water Access Y/N: No
Zoning: RA-4
$399,000
7beds
2,696sqft
New to the Market Active
BEDS7 BATHS SQUARE FEET2,696 MLS#O6421108
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONPATTERSON & COX

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115 Emma Street , Lakeland, FL 33815.

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Estimated Payment

$ 1,620.72 per month $1,345.76 Principal & Interest $158.58 Property Tax $116.38 Homeowner's Insurance

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