Duplex with Updated
New
For Sale
$345,000
101 LAKE HUNTER DRIVE 15 & 16, Lakeland, FL 33803
Each residence has two bedrooms, one bathroom, and two assigned parking spaces.
Property Size1,806 SF
Price / SF$191.03
Days on Market6
Property Features for 101 LAKE HUNTER DRIVE 15 & 16
General Information
Standard status
Active
Size
1,806 SF
Property subtype
Duplex
Site & Location
Neighborhood
Historic Lake Hunter Terrace
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
2
Amenities
0.02 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 23-28-24-124510-000240, Public Survey Range: 23, Public Survey Section: 24, Annual Amount: $2,508, Tax Book Number: 69-34, Legal Description: LAKE HUNTER VILLAS PB 69 PG 34 LOT 24 & A 1/30 UNDIVIDED INTEREST IN TRACT A, Lot: 24, Year: 2025, Zoning: MF-12
Central Air
Central
Listing ID: MFRO6453149, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-10-27, 1 day on market, Special Conditions: None
2 carport spaces
4 total bedrooms
Built in 1980, Living area: 1806, Living area units: Square Feet
Subdivision: LAKE HUNTER VILLAS, MLS Area (Major): 33803 - Lakeland, County/Parish: Polk
2 total bathrooms
Water Source: Public
Allowed: Yes
Association Fee: $1,500, Fee Frequency: Annually
Building Details
Year Built
1980
Buildings
1
Listing Agency:
LIFESTYLE INTERNATIONAL REALTY
(305) 809-8085
Listed By:
Rodrigo Marsal · License #3456723
(407) 431-8503
Source:
Miharaandassociates
Added: Oct 27
Changed: Nov 1
Last Checked: Nov 1 at 5:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LIFESTYLE INTERNATIONAL REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Lakeland duplex contains 1,806 square feet and was built in 1980. Its two residences each offer two bedrooms and one bathroom. Recent property work includes a roof installed in 2022, along with newer flooring and fresh paint. Both sides are equipped, and each has two assigned parking spaces.
The property is at 101 Lake Hunter Drive, near downtown Lakeland.
The property is at 101 Lake Hunter Drive, near downtown Lakeland.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,806 square feet; built in 1980
- Roof installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,149
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,980
$383.0K
Cap Rate 7%
$273,557
$273.6K
Cap Rate 9%
$212,767
$212.8K
Market Conditions
NOI Build-Up for 1,806 SF
Gross rent
$29.3K $16.20/SF
− Vacancy
−$1.9K −$1.05/SF
EGI
$27.4K $15.15/SF
− OpEx
−$8.2K −$4.54/SF
NOI
$19.1K $10.60/SF
Area
Lakeland, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,980
Cap Rate 7%
$273,557
Cap Rate 9%
$212,767
Alternative Uses
Best Use
Multifamily LT 5
$273.6K
$239.4K – $319.2K
NOI $19,149 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$244.4K
$213.8K – $285.1K
NOI $17,106 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$434.0K
$379.8K – $506.3K
NOI $30,380 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Explore this area
Business Placement
Demographics for 33803, FL
29,082
Population
15,086
Households
1.9
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
16.6 sq mi
ZIP Area
1,752
Density / Sq Mi
$63,180
Median Household Income
$40,358
Median Earnings
$1,337
Median Rent
$236,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, and two assigned parking spaces.
Where is this duplex located?
The property is located at 101 LAKE HUNTER DRIVE 15 & 16 Lakeland, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,806 square feet; built in 1980; Roof installed in 2022
