Two-Unit Townhouse-Style
For Sale
$330,000
1106-1108 COUNTRY CLUB LANE, Lakeland, FL 33801
Each residence has two bedrooms, two bathrooms, and its own yard.
Property Size2,603 SF
Days on Market109
Property Features for 1106-1108 COUNTRY CLUB LANE
General Information
Standard status
Active
Size
2,603 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$34,080
Utilities to Site
Yes
Amenities
covered front porch
lake views
yard
deck
laundry hookups
Building Details
Building Size
2,603 SF
Year Built
1981
Buildings
2
Tenancy
Multi
Listing Agency:
WRIGHT DAVIS REAL ESTATE
Listed By:
Dillon Cook
(813) 251-0001
Source:
Tinaheim.kw
Added: Jun 25
Changed: Oct 11
Last Checked: Oct 11 at 2:45AM
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 WRIGHT DAVIS REAL ESTATE
Investment Insights
Based on property information with market context.
This 1981 duplex in Lakeland comprises two attached, townhouse-style residences, each with two bedrooms and two bathrooms. Both homes have living rooms, upstairs laundry hookups, and a utility closet near the entry with a water heater and HVAC equipment. Sliding doors from the kitchens open to decks, and each residence has a separate yard and lake views from the rear.
The properties at 1106 and 1108 Country Club Lane are being offered together, although they occupy separate lots and have separate utility meters. The home at 1106 is tenant-occupied through 10/31/2026, while the tenancy at 1108 runs through 01/31/2027.
The properties at 1106 and 1108 Country Club Lane are being offered together, although they occupy separate lots and have separate utility meters. The home at 1106 is tenant-occupied through 10/31/2026, while the tenancy at 1108 runs through 01/31/2027.
Key Highlights
- Two attached residences, each configured with 2 bedrooms and 2 bathrooms
- Separate lots and utility meters for 1106 and 1108 Country Club Lane
- Each residence has rear lake views, a separate yard, and a kitchen deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,599
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,980
$552.0K
Cap Rate 7%
$394,271
$394.3K
Cap Rate 9%
$306,656
$306.7K
Market Conditions
NOI Build-Up for 2,603 SF
Gross rent
$42.2K $16.20/SF
− Vacancy
−$2.7K −$1.05/SF
EGI
$39.4K $15.15/SF
− OpEx
−$11.8K −$4.54/SF
NOI
$27.6K $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%
$551,980
Cap Rate 7%
$394,271
Cap Rate 9%
$306,656
Alternative Uses
Best Use
Multifamily LT 5
$394.3K
$345.0K – $460.0K
NOI $27,599 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$352.2K
$308.2K – $410.9K
NOI $24,655 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$625.5K
$547.3K – $729.8K
NOI $43,787 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, two bathrooms, and its own yard.
Where is this duplex located?
The property is located at 1106-1108 COUNTRY CLUB LANE Lakeland, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two attached residences, each configured with 2 bedrooms and 2 bathrooms; Separate lots and utility meters for 1106 and 1108 Country Club Lane; Each residence has rear lake views, a separate yard, and a kitchen deck
