303 W 5th St

LAKELAND, FL 33805

About this property

Under contract-accepting backup offers. Incredible income-producing property in Lakeland! Completely renovated from top to bottom with fresh paint, modern finishes, and all-new systems, this multi-unit property is a true turnkey investment. Two Smart Ways to Buy: As an Owner-Occupant: Move right into the spacious main house (market value estimated at $2,000/month) while the two secondary units already generate steady income ($1,100/mo and $1,200/mo). The main house will be vacant in August, and the other units are secured with stable 1-year leases and deposits in place. As a Pure Investor: Lease out the main house to maximize your cash flow, bringing the total gross monthly income to approximately $4,300/mo from day one. Featuring a versatile layout, brand-new updates throughout, and a fantastic location, this high-return property offers endless flexibility and immediate results. Schedule your showing today!

About this property

Under contract-accepting backup offers. Incredible income-producing property in Lakeland! Completely renovated from top to bottom with fresh paint, modern finishes, and all-new systems, this multi-unit property is a true turnkey investment. Two Smart Ways to Buy: As an Owner-Occupant: Move right into the spacious main house (market value estimated at $2,000/month) while the two secondary units already generate steady income ($1,100/mo and $1,200/mo). The main house will be vacant in August, and the other units are secured with stable 1-year leases and deposits in place. As a Pure Investor: Lease out the main house to maximize your cash flow, bringing the total gross monthly income to approximately $4,300/mo from day one. Featuring a versatile layout, brand-new updates throughout, and a fantastic location, this high-return property offers endless flexibility and immediate results. Schedule your showing today!

Features and Additional Information

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$385,000 Active Under Contract
5 Bed(s)
3
Baths
1,928 sqft

Presented By VIP Realty

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Brokerage
HOME PRIME REALTY LLC
1-813-497-4441
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Area Information

33805 Lakeland | Gibsonia | Polk County | WASHINGTON PARK

$ 385,000
This listing is play_arrow 20.3% higher than the average in the area
$ 320,000 in the area
1,928 SqFt
This listing is play_arrow 24.3% larger than the average in the area
1,551 SqFt in the area
$ 200 $/SqFt
This listing is play_arrow 3.2% less than the average in the area
$ 206 $/SqFt in the area
87 days on site
This listing is play_arrow 11.2% below the average in the area
98 days on site in the area

Schools in the Area

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Listed By Talia Cruz Martinez
Brokerage: HOME PRIME REALTY LLC

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