1005 S NEW YORK AVENUE at

1005 S NEW YORK AVENUE

For sale Days on market 90

$1,299,000

$179/sq ft

$76,000
Price Decreased

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Overview

Year Built

1977

Sqft

7241

Property Type

Multi Family (5+)

Property Description

Located in the heart of Lakeland’s highly desirable Dixieland District, this 9-unit multifamily property presents a strong income-producing opportunity with a proven, stabilized revenue stream. The concrete block building is constructed under one roof and consists of eight two-bedroom, one-bath units and one one-bedroom, one-bath unit. Each residence has been renovated and features durable, low-maintenance flooring throughout, making this a true turnkey investment. The property offers dedicated parking for each unit and an on-site laundry facility that provides added convenience for residents while generating additional income for the owner. Major capital improvements include a roof replacement in 2018 and air conditioning replacements in 7 of the 9 units within the past five years. Each unit is separately metered for electric and has its own hot water heater, while the landlord currently pays for water. With professional management already in place, no HOA restrictions, and strong operational fundamentals, this asset is well-positioned for both seasoned investors and those seeking a reliable 1031 Exchange opportunity in one of Lakeland’s most established and charming neighborhoods. Seller financing considered with at least 50% down.

Property Details

MLS#

L4959665

Address

1005 NEW YORK S

City

Lakeland

State/county

Zip/Postal Code

33803

Area

Lake Hunter Heights

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$10,226

Maint Fee

$--

Tax Year

2025

Refrigerator

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