Two-Bedroom Duplex with Tile
For Sale
Contact for pricing
1019 BUCCANEER DRIVE, Lakeland, FL 33801
Fresh interior finishes, dedicated dining space, utility room, and driveway parking support comfortable everyday living.
Property Size983 SF
Days on Market129
Property Features for 1019 BUCCANEER DRIVE
General Information
Standard status
Active
Size
983 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Building Details
Building Size
983 SF
Year Built
1983
Buildings
1
Listing Agency:
S & D REAL ESTATE SERVICE LLC
Listed By:
Richard Eijo · License #3131578
(863) 824-7169
Source:
Focusgroupfl.kw
Added: Jun 10
Changed: Oct 1
Last Checked: Oct 16 at 5:53AM
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 S & D REAL ESTATE SERVICE LLC
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Investment Insights
Based on property information with market context.
This half-duplex residence in Lakeland, Florida, was built in 1983 and offers two bedrooms and two bathrooms. The interior has been freshly painted, with tile flooring throughout and newly tiled bedroom floors. A formal dining room adds defined gathering space, while the inside utility room provides a dedicated area for household operations. Ceiling fans are installed in both bedrooms and the living room.
The property includes space for two vehicles in the driveway, and lawn care is included. Its residential duplex configuration and combination of refreshed finishes, dining space, and practical utility features provide a clear, functional layout for occupants.
The property includes space for two vehicles in the driveway, and lawn care is included. Its residential duplex configuration and combination of refreshed finishes, dining space, and practical utility features provide a clear, functional layout for occupants.
Key Highlights
- Two‑bedroom, two‑bathroom half‑duplex
- Fresh interior paint and tile flooring throughout
- Bedrooms feature new tile floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,311
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,220
$186.2K
Cap Rate 7%
$133,014
$133.0K
Cap Rate 9%
$103,456
$103.5K
Market Conditions
NOI Build-Up for 983 SF
Gross rent
$18.0K $18.36/SF
− Vacancy
−$1.1K −$1.14/SF
EGI
$16.9K $17.22/SF
− OpEx
−$7.6K −$7.75/SF
NOI
$9.3K $9.47/SF
Area
Lakeland, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,220
Cap Rate 7%
$133,014
Cap Rate 9%
$103,456
Alternative Uses
Best Use
Multifamily LT 5
$148.9K
$130.3K – $173.7K
NOI $10,423 @ 7.0% cap · market cap 947.55%
Second Best
Apartment 5plus
$133.0K
$116.4K – $155.2K
NOI $9,311 @ 7.0% cap · market cap 846.45%
Theoretical Best
Office A
$236.2K
$206.7K – $275.6K
NOI $16,536 @ 7.0% cap · market cap 1,503.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
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Business Placement
Demographics for 33801, FL
36,798
Population
15,365
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,947
Density / Sq Mi
$49,210
Median Household Income
$30,055
Median Earnings
$1,100
Median Rent
$138,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fresh interior finishes, dedicated dining space, utility room, and driveway parking support comfortable everyday living.
Where is this duplex located?
The property is located at 1019 BUCCANEER DRIVE Lakeland, FL.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom half‑duplex; Fresh interior paint and tile flooring throughout; Bedrooms feature new tile floors
