$1,375,000

1005 S NEW YORK AVENUE, Lakeland, FL 33803

  • 7,241 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1977
  • Property Lot Size Icon0.44acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $190/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Located in the heart of Lakeland’s highly desirable Dixieland District, this 9-unit multifamily property presents a strong income-producing opportunity with a proven, stabilized revenue stream. The concrete block building is constructed under one roof and consists of eight two-bedroom, one-bath units and one one-bedroom, one-bath unit. Each residence has been renovated and features durable, low-maintenance flooring throughout, making this a true turnkey investment. The property offers dedicated parking for each unit and an on-site laundry facility that provides added convenience for residents while generating additional income for the owner. Major capital improvements include a roof replacement in 2018 and air conditioning replacements in 7 of the 9 units within the past five years. Each unit is separately metered for electric and has its own hot water heater, while the landlord currently pays for water. With professional management already in place, no HOA restrictions, and strong operational fundamentals, this asset is well-positioned for both seasoned investors and those seeking a reliable 1031 Exchange opportunity in one of Lakeland’s most established and charming neighborhoods. Seller financing considered with at least 50% down.

Listing Status:
Active
Date Added:
February 26, 2026
Data Last Updated:
April 6, 2026 at 5:24AM
Listing Office:
LAKELAND HOMES AND REALTY, LLC : 863-248-7260
Listing Agent:
Carla Morey : 863-712-0547
MLS ID:
L4959665
  • Appliances: Refrigerator
  • Flooring: Luxury Vinyl
  • A/C: Central Air
  • Heating: Central
  • Parking: Parking Spaces - 13 to 18
  • Roofing: Shingle
  • Windows: Blinds
  • General: ConcreteSlab
  • Road/Access: City Street
  • Originating MLS: Stellar MLS
  • County: Polk
  • Zoning: RA-4LAKE HUNTER HEIGHTS PB 2 PG 126 BLK A LOTS 1 TO 323-28-24-122500-001011
  • Utilities: BB/HS Internet CapableElectricity AvailableSeparate Meters
  • Water: PublicSee Remarks
  • Sewer: Public Sewer
  • Source: Stellar MLS
  • Ownership: Corporation

This listing courtesy of Carla Morey , LAKELAND HOMES AND REALTY, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

D

Dixieland Elementary School

416 Ariana St, Lakeland, FL, 33803

Grades KG-5

0.39 miles away

R

Rosabelle W. Blake Academy

510 Hartsell Ave, Lakeland, FL, 33815

Grades PK-8

0.65 miles away

L

Lakeland Senior High School

726 Hollingsworth Rd, Lakeland, FL, 33801

Grades 9-12

1.30 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.