Brand New Duplex
1062-1070 GAY ROAD Lakeland, FL 33811
1062-1070 GAY ROAD, Lakeland, FL, 33811
$900,000
Pending
For Sale
$900,000
Pending
Newly built block duplexes offer three bedrooms, two full baths, vinyl flooring, and two parking spaces per unit.
Property Size4,940 SF
Days on Market553
Property Features for 1062-1070 GAY ROAD
General Information
- Standard status
- Pending
- Size
- 4,940 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2025
Listing agency
CMTG REAL ESTATE GROUP
(863) 430-3977
Listed by
Melissa Bajsa · License #3252732
(863) 430-3977
Source
Exitrealty
Added: Jan 15, 2025 Updated: Jul 21 at 6:52PM Checked: Jul 21 at 6:52PM
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 CMTG REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This offering includes multiple brand new block construction duplexes at 1062, 1064, 1068, and 1070 Gay Rd. Each 2025-built duplex unit features three bedrooms and two full bathrooms, with a total living area stated as 1,235 sq. ft. per unit. Interiors include vinyl flooring throughout with no carpet. Kitchens include quartz countertops and a full appliance package.
The property provides ample parking with two spots per unit. Tenants are responsible for their own electric and water. The units are served by city water and septic.
These duplexes are presented for sale as residential income property within an investment portfolio strategy, with expected rent provided in the offering materials.
The property provides ample parking with two spots per unit. Tenants are responsible for their own electric and water. The units are served by city water and septic.
These duplexes are presented for sale as residential income property within an investment portfolio strategy, with expected rent provided in the offering materials.
Key Highlights
- Four new duplex units built in 2025 on Gay Rd (1062, 1064, 1068 & 1070)
- Each duplex unit offers 3 bedrooms, 2 full bathrooms, and 1,235 sq. ft. of living area
- Kitchens feature quartz countertops and a full kitchen appliance package
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 | $80.0k | $16.20 |
| − Vacancy | −$5.2k | −$1.05 |
| EGI | $74.8k | $15.15 |
| − OpEx | −$22.4k | −$4.54 |
| NOI | $52.4k | $10.60 |
4,940 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$748.3K
$654.7K – $873.0K
NOI $52,378 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$668.4K
$584.9K – $779.9K
NOI $46,791 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,099 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Newly built block duplexes offer three bedrooms, two full baths, vinyl flooring, and two parking spaces per unit.
Where is this duplex located?
The property is located at 1062-1070 GAY ROAD Lakeland, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Four new duplex units built in 2025 on Gay Rd (1062, 1064, 1068 & 1070); Each duplex unit offers 3 bedrooms, 2 full bathrooms, and 1,235 sq. ft. of living area; Kitchens feature quartz countertops and a full kitchen appliance package
