915 Palmetto St Lakeland, FL 33801
- Multifamily properties
- 8,348 SF
- 0.45 lot acres
Current Use by Public Records
- Multifamily properties
Property Details for 915 Palmetto St
- Year built
- 1926
- Lot size
- 0.45 lot acres
- Property size
- 8,348 SF
- Property type
- Multifamily properties
Description
This exceptional 12-unit multifamily property presents a compelling investment opportunity in Lakeland, Florida's desirable Lake Morton Historic District. Situated on a 0.45-acre lot, the building boasts a total of 8,348 square feet. The property's Mediterranean Revival architecture is a captivating blend of classic charm and modern updates, having undergone extensive renovations. The North Building has been fully renovated, while the South Building features partial remodeling, ensuring a high standard of living for tenants. Each of the twelve units includes brand-new appliances and updated fixtures, providing a comfortable and modern living space. Tenant convenience is enhanced by an on-site laundry facility. Residents can also enjoy a spacious courtyard, perfect for relaxation and outdoor enjoyment in Florida's pleasant climate. The property's location within the Lake Morton Historic District adds significant value, offering both historical significance and a highly sought-after address. Priced at $1,499,000, this is a rare chance to acquire a beautifully restored historic building with strong rental potential in a thriving Lakeland neighborhood. The property's combination of historical character, modern amenities, and prime location makes it an ideal addition to any investment portfolio. This is a turn-key opportunity for immediate income generation.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.9468
- Latitude
- 28.0367
