Fully Renovated
621 HOLLINGSWORTH ROAD Lakeland, FL 33801
621 HOLLINGSWORTH ROAD, Lakeland, FL, 33801
$399,000
For Sale
$399,000
Turnkey duplex with two renovated 2-bedroom, 1-bath units, each with updated kitchens and dedicated laundry rooms.
Property Size1,546 SF
Price / SF$258.09
Days on Market23
Property Features for 621 HOLLINGSWORTH ROAD
General Information
- Standard status
- Active
- Size
- 1,546 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1952
Listing agency
LA ROSA REALTY PRESTIGE
(863) 940-4850
Listed by
Alvaro Jarquin Bernard · License #3304920
Source
Dennisrealty
Added: Jun 30 Updated: Jul 20 at 8:15PM Checked: Jul 22 at 5:02AM
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 LA ROSA REALTY PRESTIGE
Investment Insights
Based on property information with market context.
This fully renovated income-producing duplex features two spacious units, each offering two bedrooms and one bathroom. Updates include brand-new flooring, modern kitchens with granite countertops, new cabinetry, and stainless steel appliances. Bathrooms have been remodeled with new tile and stylish vanities. The property also includes fresh interior and exterior paint, a brand-new roof, and dedicated laundry rooms for each unit.
Located on Hollingsworth Road in Lakeland, the duplex provides convenient access to shopping, dining, schools, parks, medical facilities, and major roadways.
With two fully updated rental units, the property is positioned as a move-in-ready option for residential income.
Located on Hollingsworth Road in Lakeland, the duplex provides convenient access to shopping, dining, schools, parks, medical facilities, and major roadways.
With two fully updated rental units, the property is positioned as a move-in-ready option for residential income.
Key Highlights
- Fully renovated income‑producing duplex (1952) with two units
- Each unit offers 2 bedrooms and 1 bathroom
- Updated kitchens with granite countertops, new cabinetry, and stainless steel appliances
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 | $25.0k | $16.20 |
| − Vacancy | −$1.6k | −$1.05 |
| EGI | $23.4k | $15.15 |
| − OpEx | −$7.0k | −$4.54 |
| NOI | $16.4k | $10.60 |
1,546 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$234.2K
$204.9K – $273.2K
NOI $16,392 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$209.2K
$183.1K – $244.1K
NOI $14,644 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$371.5K
$325.1K – $433.4K
NOI $26,006 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey duplex with two renovated 2-bedroom, 1-bath units, each with updated kitchens and dedicated laundry rooms.
Where is this duplex located?
The property is located at 621 HOLLINGSWORTH ROAD Lakeland, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Fully renovated income‑producing duplex (1952) with two units; Each unit offers 2 bedrooms and 1 bathroom; Updated kitchens with granite countertops, new cabinetry, and stainless steel appliances
