Turnkey Lakeland Quadplex
714 TEXAS Avenue Lakeland, FL 33815
714 TEXAS Avenue, Lakeland, FL, 33815
$440,000
For Sale
$440,000
MULTI_FAMILY - LAKELAND, FL
Property Size1,291 SF
Lot Size0.33 Acres
Price / SF$340.82
Days on Market27
Property Features for 714 TEXAS Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RA-4
- Appliances
- Microwave, Refrigerator
- Standard status
- Active
- APN
- 23-28-13-067500-002010
- Size
- 1,291 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BOWYERS SUB PB 3 PG 19 BLK B LOTS 1 & 2
- Tax Annual Amount
- 3628
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1970
- Building materials
- Stucco
- Roof type
- Shingle
Listing agency
BEYCOME OF FLORIDA LLC
(804) 656-5007
Listed by
Steven Koleno · License #3469487
(804) 656-5007
Added: Jun 25 Updated: Jul 20 at 10:54PM Checked: Jul 21 at 3:06PM
MLS# O6420010
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.
Two separate buildings comprise this fully remodeled, fully furnished multi-unit property. Building A includes a 3-bedroom, 1-bath unit and a 1-bedroom, 1-bath apartment. Building B contains two 2-bedroom, 1-bath units that are currently operated as a corporate rental.
Interior improvements include vinyl/carpet flooring, interior laundry hookups, and private fenced yard space. Each unit is individually metered, and utilities are currently included for the corporate rental in Building B. The property is listed in RA-4 zoning.
Offered for sale as a turnkey asset, the configuration includes five total units across the two buildings, with move-in or rent-ready furnishings included.
Interior improvements include vinyl/carpet flooring, interior laundry hookups, and private fenced yard space. Each unit is individually metered, and utilities are currently included for the corporate rental in Building B. The property is listed in RA-4 zoning.
Offered for sale as a turnkey asset, the configuration includes five total units across the two buildings, with move-in or rent-ready furnishings included.
Key Highlights
- Fully remodeled, fully furnished multi‑unit property with two separate buildings
- Year built 1970 with stucco construction and shingle roof
- Building A: 3 bed / 1 bath plus a 1 bed / 1 bath unit
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 | $20.9k | $16.20 |
| − Vacancy | −$1.4k | −$1.05 |
| EGI | $19.6k | $15.15 |
| − OpEx | −$5.9k | −$4.54 |
| NOI | $13.7k | $10.60 |
1,291 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$195.5K
$171.1K – $228.1K
NOI $13,688 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$174.7K
$152.9K – $203.8K
NOI $12,228 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$310.2K
$271.5K – $362.0K
NOI $21,717 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Fully remodeled, furnished two-building multi-unit property with individually metered utilities and fenced yard space.
Where is this quadplex located?
The property is located at 714 TEXAS Avenue Lakeland, FL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Fully remodeled, fully furnished multi‑unit property with two separate buildings; Year built 1970 with stucco construction and shingle roof; Building A: 3 bed / 1 bath plus a 1 bed / 1 bath unit
