Joyce Fotis
Broker Associate
BROKER ASSOCIATE
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Description
INVESTMENT OPPORTUNITY NEAR DOWNTOWN LAKELAND! This cement-block duplex features two 2-bedroom, 1-bath units, each offering more than 900 square feet of living area. Both units are currently rented, providing immediate rental income for the new owner. Additional highlights include fenced yards and new roof shingles, fascia and soffits completed in 2026. The property also provides ample off-street parking with six designated spaces. Conveniently located near downtown Lakeland with easy access to shopping, dining, employment and major roadways. Priced below market at $249,000. This income-producing property offers an excellent opportunity to add a solid rental property to your investment portfolio. The rents are below normal rents in the area. The rents in the community range in the $1100 to $1400 per side unit. PLEASE CALL TODAY FOR ADDITIONAL INFORMATION!!
Property Highlights
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.16 Acres
Roof Type: Shingle
Taxes: $2,020
Year Built: 1979
General Information
Bedrooms: 4
Sqft: 1,813
County: Polk
High School: Kathleen High
Subdivision: WESTGATE
Listed By:
Joe Christian
KELLER WILLIAMS REALTY
863-577-1234
MLS ID: L4964553
Amenities
Ceiling Fans(s)
Fence
Property Features
Annual Net Income: 9530.00
Appliances: Electric Water Heater, Range, Range Hood
Directions: Main St to traffic circle continue straight onto west main turn right on Olive St to left on Westgate to duplex on your right
Exterior: Block, Concrete
Flood Zone Code: X
Foundation: Slab
HOA Fee: 0
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional
Lot: City Limits, Near Golf Course, Near Public Transit, Sidewalk, Paved
Lot Dimensions: 0.16
Ownership: Fee Simple
Pets Allowed: No
Property Attached Y/N: Yes
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only
Special Sale Provisions: None
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RB-2
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506 S Westgate Avenue , Lakeland, FL 33815.
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Estimated Payment
$ 1,080.79 per month $839.84 Principal & Interest $168.33 Property Tax $72.63 Homeowner's InsuranceChange Payment Information
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