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1310 N Combee Rd Lakeland, FL 33801

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For Sale
Pending
$699,000

Stabilized 8-unit apartment complex on 2.2 acres near I-4.

Lot size:
2.20 Acres

Property Features for 1310 N Combee Rd

General Information

Property type
Investment
Standard status
Pending
Lot size
2.20 Acres

Building Details

Year built
1931

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Listing Contact
Tito Urbano Perez
Source: Elliman

Listing Agent: Tito Urbano Perez

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Lakeland Multifamily Property with Development Potential

The property is an 8-unit multifamily complex located in Lakeland, Florida. Situated on a 2.2-acre parcel, the five-building complex offers long-term income stability with future development potential. Constructed in 1950, the property features a unit mix of three 1-bedroom/1-bath units, four 2-bedroom/1-bath units, and one 2-bedroom/2-bath single-family home, totaling 6,331 square feet. All units include mini-split AC systems and feature block construction, slab foundations, and pitched shingle roofs. The layout allows for low-density living and ample tenant parking. Electricity and water are separately metered and paid by tenants, while the landlord covers sewer (septic) and trash services. The property is currently leased with below-market rents, offering value-add potential through lease adjustments. Located near major employers, retail, and transportation corridors, the property provides convenient access to downtown Lakeland and nearby I-4, making it suitable for workforce housing. Two units are non-conforming.
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Apartment buildings

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Location Insight

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City
Lakeland
County
Polk
State
Florida
Longitude
-81.9084403
Latitude
28.0609265

FAQs

What type of property is this?
Apartment building - Stabilized 8-unit apartment complex on 2.2 acres near I-4.
Where is this apartment building located?
The property is located at 1310 N Combee Rd Lakeland, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: - Stabilized 8-unit multifamily property in high-demand Polk County, Florida.; - Large 2.2-acre parcel offers future development potential.; - Value-add opportunity through lease adjustments to market rents.
More about this property
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