902 E Lime StreetLakeland, FL 33801

Description

Fully leased four-unit investment opportunity near Downtown Lakeland! Located at 902-904 E Lime Street, this income-producing property features four residential units, each offering 1 bedroom, 1 bathroom, a kitchen, and living area. Two units are located within the main residence, with two additional units situated in the detached rear building, creating a unique multifamily configuration with separation between the structures. All four units are currently leased and generate approximately $4,450 per month in gross rental income. The owner currently pays utilities, averaging approximately $634 per month, providing prospective investors with established income and operating history from day one. The property has also demonstrated a strong history of occupancy; prior marketing materials report that it maintained full occupancy for more than a decade. Situated in the Downtown Lakeland area, the property offers convenient access to shopping, dining, employment centers, major roadways, and the amenities of Lakeland’s urban core. With 100% current occupancy, $53,400 in annual gross rental income based on current rents, and four self-contained living units, this is an opportunity to acquire an established multifamily property in a central Lakeland location. Please do not disturb tenants. Showings by appointment only. Buyer to verify all measurements, unit information, leases, income, expenses, zoning, and property details.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1948

Living area

2,048 Sq Ft

Lot size

0.23 acres

Lot dimensions

50x200

Ownership

Fee Simple

Zoning

MF-22

Days on market

32

MLS^® Listing#

L4965488

Property Features

Appliances

Microwave · Range · Refrigerator

Heating

Propane

Flooring

Carpet · Ceramic Tile · Laminate

Basement

Crawl Space

Parking

Driveway · Off Street · Parking Pad

Laundry

Common Area · Electric Dryer Hookup · Washer Hookup

Patio

Enclosed · Front Porch

Lot features

Paved

Construction

Frame

Roof

Shingle

Windows

Blinds

Security

Smoke Detector(s)

Utilities

Cable Available · Electricity Connected · Propane · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Philip O’Brien Elementary

Middle

Sleepy Hill Middle

High

Lakeland Senior High

Financial Details

HOA

None

Annual taxes

$2,187Tax year 2025

Parcel number

24-28-18-205000-007212

Directions

From I4, take exit 33 for CR-582 toward FL-33/Lakeland. Turn left onto N Socrum Loop Rd. Turn right onto FL-33 S. Continue straight onto N Massachusetts Ave. Use the left 2 lanes to turn left onto Bartow Rd. Turn right onto E Lime St. Destination will be on the right