Fully Leased
For Sale
$390,000
14-15-2121 S San Gully Rd, Lakeland, FL 33803
Two matching residences offer private outdoor space and a practical owner-occupant or rental configuration.
Property Size2,034 SF
Price / SF$191.74
Days on Market145
Property Features for 14-15-2121 S San Gully Rd
General Information
Standard status
Active
Size
2,034 SF
Property subtype
Residential Income
Occupancy
100%
Financials
Asking Price
$395,000
Cap Rate
6.5%
Gross Income
$39,600
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,968
Amenities
fully fenced backyard
Listing Agency:
LIFESTYLE INTERNATIONAL REALTY
(305) 809-8085
Listed By:
Rodrigo Marsal · License #3456723
(407) 431-8503
Source:
Exprealty
Added: May 26
Changed: Oct 4
Last Checked: Oct 16 at 3:03PM
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
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Investment Insights
Based on property information with market context.
This 2,034-square-foot duplex contains two separately configured residences, each with two bedrooms and two full bathrooms. Both units are currently leased, and the property includes a fully fenced backyard that serves the residences with added privacy and usable outdoor space.
Located at 14-15-2121 S San Gully Rd in Lakeland, Polk County, the property is positioned within Central Florida. The layout supports either continued use as a fully rented duplex or an owner-occupant arrangement with one residence retained as a rental, as described in the property information.
Located at 14-15-2121 S San Gully Rd in Lakeland, Polk County, the property is positioned within Central Florida. The layout supports either continued use as a fully rented duplex or an owner-occupant arrangement with one residence retained as a rental, as described in the property information.
Key Highlights
- 2,034‑square‑foot duplex with two residential units
- Each unit includes 2 bedrooms and 2 full bathrooms
- Both units are fully rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,566
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,320
$431.3K
Cap Rate 7%
$308,086
$308.1K
Cap Rate 9%
$239,622
$239.6K
Market Conditions
NOI Build-Up for 2,034 SF
Gross rent
$33.0K $16.20/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$30.8K $15.15/SF
− OpEx
−$9.2K −$4.54/SF
NOI
$21.6K $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%
$431,320
Cap Rate 7%
$308,086
Cap Rate 9%
$239,622
Alternative Uses
Best Use
Multifamily LT 5
$308.1K
$269.6K – $359.4K
NOI $21,566 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$275.2K
$240.8K – $321.1K
NOI $19,266 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$488.8K
$427.7K – $570.3K
NOI $34,215 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
748
Businesses Nearby
Explore this area
Business Placement
Demographics for 33803, FL
29,082
Population
15,086
Households
1.9
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
16.6 sq mi
ZIP Area
1,752
Density / Sq Mi
$63,180
Median Household Income
$40,358
Median Earnings
$1,337
Median Rent
$236,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer private outdoor space and a practical owner-occupant or rental configuration.
Where is this duplex located?
The property is located at 14-15-2121 S San Gully Rd Lakeland, FL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 2,034‑square‑foot duplex with two residential units; Each unit includes 2 bedrooms and 2 full bathrooms; Both units are fully rented
