915 Palmetto StLakeland, FL 33801

Property Details for 915 Palmetto St

Year built

1926

Lot size

0.45 AC

Property size (Sq ft)

8,348 SF

Property type

Other multifamily properties

Property subtype

Residential income properties

Description

This exceptional 12-unit multifamily property presents a compelling investment opportunity in Lakeland, Florida's desirable Lake Morton Historic District. Situated on a 0.45-acre lot, the building boasts a total of 8,348 square feet. The property's Mediterranean Revival architecture is a captivating blend of classic charm and modern updates, having undergone extensive renovations. The North Building has been fully renovated, while the South Building features partial remodeling, ensuring a high standard of living for tenants. Each of the twelve units includes brand-new appliances and updated fixtures, providing a comfortable and modern living space. Tenant convenience is enhanced by an on-site laundry facility. Residents can also enjoy a spacious courtyard, perfect for relaxation and outdoor enjoyment in Florida's pleasant climate. The property's location within the Lake Morton Historic District adds significant value, offering both historical significance and a highly sought-after address. Priced at $1,499,000, this is a rare chance to acquire a beautifully restored historic building with strong rental potential in a thriving Lakeland neighborhood. The property's combination of historical character, modern amenities, and prime location makes it an ideal addition to any investment portfolio. This is a turn-key opportunity for immediate income generation.

Location Insight

City

Lakeland

County

Polk

State

Florida

Latitude

28.0367

Longitude

-81.9468

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