55+ Community Two-Bedroom
501 VILLA VISTA BLVD Lakeland, FL 33813
501 VILLA VISTA BLVD, Lakeland, FL, 33813
$257,900
For Sale
$257,900
MULTI_FAMILY - LAKELAND, FL
Property Size1,783 SF
Lot Size0.14 Acres
Price / SF$144.64
Days on Market54
Property Features for 501 VILLA VISTA BLVD
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- PUD
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Dining Room, Bathroom 2, Family Room, Bedroom 2
- Window features
- Drapes, Blinds
- Patio and Porch features
- Patio
- Pets allowed
- Yes
- Interior features
- Built-in Features, Ceiling Fans(s), Solid Surface Counters, Thermostat, Walk-In Closet(s)
- Exterior features
- Sliding Doors
- Appliances
- Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
- Standard status
- Active
- APN
- 23-29-01-139390-000570
- Size
- 1,783 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- THE VILLAS TWO PB 67 PG 27 LOT 57 & AN 1/135 UNDIVIDED INTEREST IN ALL PARKS & STREETS
- Tax Annual Amount
- 1897
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1978
- Floors in Building
- 1
- Flooring type
- Tile, Vinyl
- Building materials
- Brick, Frame
- Roof type
- Shingle
Listing agency
REMAX EXPERTS
(863) 802-5262
Listed by
Joy Desmond · License #3157756
(863) 712-4109
Added: May 30 Updated: Jul 20 at 9:05PM Checked: Jul 22 at 8:06AM
MLS# L4962280
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 501 Villa Vista Blvd in Lakeland, this updated two-bedroom, two-bath villa offers a bright, open layout that connects the living room, family room, and dining area. The kitchen features freshly painted cabinetry, new quartz countertops, new hardware, new lighting, and brand-new stainless appliances. Sliding glass doors open from the dining area to an open patio. The primary suite includes a walk-in closet and an updated ensuite with a new marble-top vanity, new lighting, and tile flooring, while the guest bedroom is near the updated hall bath.
Additional highlights include an office space with built-in cabinetry, a dedicated interior laundry and storage room, and multiple recent updates such as a brand-new roof in 2026, new plumbing hardware in the kitchen and baths, new door knobs, new and updated ceiling fans, newly installed electrical outlets, new blinds, and a freshly painted front door. The carport and updated landscaping are also included.
The Villas II is an active 55+ community with a clubhouse, tennis and shuffleboard courts, a dog park, and a community pool and hot tub. Association fees include amenities plus water, cable, internet, and lawn care.
Additional highlights include an office space with built-in cabinetry, a dedicated interior laundry and storage room, and multiple recent updates such as a brand-new roof in 2026, new plumbing hardware in the kitchen and baths, new door knobs, new and updated ceiling fans, newly installed electrical outlets, new blinds, and a freshly painted front door. The carport and updated landscaping are also included.
The Villas II is an active 55+ community with a clubhouse, tennis and shuffleboard courts, a dog park, and a community pool and hot tub. Association fees include amenities plus water, cable, internet, and lawn care.
Key Highlights
- 55+ community home with 2 bedrooms, 2 bathrooms, and 1,783 sq ft of living area
- New kitchen updates include quartz countertops, freshly painted cabinetry, updated lighting and hardware, and brand new stainless appliances
- Primary suite includes a walk‑in closet and an ensuite bath with a new marble top vanity, new lighting, and tile flooring
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 | $28.9k | $16.20 |
| − Vacancy | −$1.9k | −$1.05 |
| EGI | $27.0k | $15.15 |
| − OpEx | −$8.1k | −$4.54 |
| NOI | $18.9k | $10.60 |
1,783 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$270.1K
$236.3K – $315.1K
NOI $18,905 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$241.3K
$211.1K – $281.5K
NOI $16,888 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$428.5K
$374.9K – $499.9K
NOI $29,993 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated two-bedroom, two-bath villa with interior laundry and an open patio in a 55+ community.
Where is this duplex located?
The property is located at 501 VILLA VISTA BLVD Lakeland, FL.
What is the asking price?
The asking price for this property is $257,900.
What are key features of this property?
This property features: 55+ community home with 2 bedrooms, 2 bathrooms, and 1,783 sq ft of living area; New kitchen updates include quartz countertops, freshly painted cabinetry, updated lighting and hardware, and brand new stainless appliances; Primary suite includes a walk‑in closet and an ensuite bath with a new marble top vanity, new lighting, and tile flooring
