Two-Unit
2525 CHESTNUT WOODS DRIVE, Lakeland, FL 33815
For Sale
New
$289,900
Separate residential quarters provide a configuration for occupancy by more than one household.
Property Size1,820 SF
Price / SF$159.29
Days on Market5
Property Features for 2525 CHESTNUT WOODS DRIVE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
HOME PRIME REALTY LLC
(813) 497-4441
Listed By:
Damarys Diaz Martinez · License FL #3640665
(786) 870-3524
Source:
Dennisrealty
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 5:08PM
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 HOME PRIME REALTY LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,820-square-foot duplex contains two distinct residential units. Built in 1980, the property is located at 2525 Chestnut Woods Drive in Lakeland, Florida.
Key Highlights
- Two residential units
- 1,820 square feet
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,297
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,940
$385.9K
Cap Rate 7%
$275,671
$275.7K
Cap Rate 9%
$214,411
$214.4K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$29.5K $16.20/SF
− Vacancy
−$1.9K −$1.05/SF
EGI
$27.6K $15.15/SF
− OpEx
−$8.3K −$4.54/SF
NOI
$19.3K $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%
$385,940
Cap Rate 7%
$275,671
Cap Rate 9%
$214,411
Alternative Uses
Best Use
Multifamily LT 5
$275.7K
$241.2K – $321.6K
NOI $19,297 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$246.3K
$215.5K – $287.3K
NOI $17,239 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$437.4K
$382.7K – $510.3K
NOI $30,615 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 33815, FL
15,681
Population
7,646
Households
2.1
Avg Household Size
40
Median Age
11%
College-Educated
80%
High-School Grad
7.4 sq mi
ZIP Area
2,119
Density / Sq Mi
$36,445
Median Household Income
$32,637
Median Earnings
$1,078
Median Rent
$42,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Lakeland, FL
Properties on Market for Duplexes in Lakeland
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residential quarters provide a configuration for occupancy by more than one household.
Where is this duplex located?
The property is located at 2525 CHESTNUT WOODS DRIVE Lakeland, FL.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two residential units; 1,820 square feet; Built in 1980
