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Renovated Apartment Community
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515 BON AIR STREET #229, Lakeland, FL 33805

Updated residences offer modern kitchens, refreshed bathrooms, new appliances, and access to onsite laundry facilities.

Property Size500 SF
Days on Market79

Property Features for 515 BON AIR STREET #229

General Information

Standard status Active
Size 500 SF
Property subtype Apartment

Site & Location

Highway Access Yes
Utilities to Site Yes

Amenities

onsite laundry
security cameras

Building Details

Building Size 500 SF
Year Built 1973
Stories 2
Listing Agency: PHILLIP SCOTT MANAGEMENT & INV
Listed By: Angela Mason
Source: Focusgroupfl.kw
Added: Jun 15 Changed: Aug 30 Last Checked: Aug 31 at 12:38PM

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 PHILLIP SCOTT MANAGEMENT & INV

Investment Insights

Based on property information with market context.

This apartment community, originally built in 1973, has received extensive updates across both the residences and shared areas. Individual units feature new flooring, refreshed wall finishes, renovated bathrooms, and modernized kitchens with granite countertops and new appliances. New A/C units have also been installed.

Exterior improvements include updated paint, lighting, landscaping, and a camera-based security system. Residents have access to onsite laundry, along with a bundled utility program covering electric, water, sewer, trash, cable, and internet. The property also provides 24-hour management and maintenance. Its setting offers proximity to the hospital district, shopping, major interstates, local attractions, and schools.

Key Highlights

  • Apartment community originally built in 1973
  • Residences renovated with new flooring, wall finishes, kitchens, bathrooms, appliances, and A/C units
  • Kitchens include granite countertops and new appliances

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Carpet & Flooring Store Wine and Liquor Store Florist Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,672
Businesses Nearby

Demographics for 33805, FL

26,954
Population
11,908
Households
2.3
Avg Household Size
36
Median Age
17%
College-Educated
82%
High-School Grad
26.0 sq mi
ZIP Area
1,037
Density / Sq Mi
$55,565
Median Household Income
$35,077
Median Earnings
$1,179
Median Rent
$173,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated residences offer modern kitchens, refreshed bathrooms, new appliances, and access to onsite laundry facilities.
Where is this apartment building located?
The property is located at 515 BON AIR STREET #229 Lakeland, FL.
What are key features of this property?
This property features: Apartment community originally built in 1973; Residences renovated with new flooring, wall finishes, kitchens, bathrooms, appliances, and A/C units; Kitchens include granite countertops and new appliances
More about this property
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