Lakeland Duplex: Turnkey Investment
4418-4416 HIGHLAND LANE Lakeland, FL 33813
4418-4416 HIGHLAND LANE, Lakeland, FL, 33813
$425,000
For Sale
$425,000
Fully occupied duplex in South Lakeland with immediate cash flow.
Property Size2,124 SF
Price / SF$200.09
Days on Market457
Property Features for 4418-4416 HIGHLAND LANE
General Information
- Standard status
- Active
- Size
- 2,124 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1978
Listing Agency
LIFESTYLE INTERNATIONAL REALTY
(407) 431-8503
Listed by
Rodrigo Marsal · License #3456723
(407) 431-8503
Source
Exitrealty
Added: Apr 17, 2025 Checked: Jul 17 at 4:27 am
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
Investment Insights
Based on property information with market context.
This well-maintained duplex is located in South Lakeland and is fully occupied, offering immediate cash flow. Each unit features a 2-bedroom, 1.5-bath layout with updates throughout. The front unit showcases a renovated kitchen. The rear unit offers a spacious, fully fenced backyard. A newer roof adds value. The property is located in a well-established neighborhood near Lake Miriam Shopping Center and Lakeside Village, with easy access to the Polk Parkway. The property is suitable for investors seeking rental income or owner-occupants looking to offset their mortgage. The property size is 2124 square feet.
Key Highlights
- Fully occupied duplex provides immediate cash flow.
- Turnkey property requires no immediate renovations or repairs.
- Located in desirable South Lakeland near shopping and the Polk Parkway.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.4k | $16.20 |
| − Vacancy | −$2.2k | −$1.05 |
| EGI | $32.2k | $15.15 |
| − OpEx | −$9.7k | −$4.54 |
| NOI | $22.5k | $10.60 |
2,124 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$321.7K
$281.5K – $375.4K
NOI $22,521 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$287.4K
$251.5K – $335.3K
NOI $20,118 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$510.4K
$446.6K – $595.5K
NOI $35,729 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Fully occupied duplex in South Lakeland with immediate cash flow.
Where is this duplex located?
The property is located at 4418-4416 HIGHLAND LANE Lakeland, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Fully occupied duplex provides immediate cash flow.; Turnkey property requires no immediate renovations or repairs.; Located in desirable South Lakeland near shopping and the Polk Parkway.
