Excellent income producing opportunity in Lakeland featuring a main residence plus detached in law suite (ADU). The main home offers 3 bedrooms, 2.5 bathrooms, plus a den/office, while the rear unit includes 1 bedroom, 1 bathroom, and a kitchen ideal for rental income, multi generational living, or living in one while renting the other!
Strong upside potential with the ability to generate multiple income streams. With improvements and stabilization, similar properties in the area have supported combined rents in the ~$2,500$3,000+/month range (buyer to independently verify). The In Law Suite is currently on rent for $1000/month with a month to month lease, that's immediate income!
Property includes a fenced backyard, additional storage structures, and an in ground pool. The pool is currently not in service and may require repair or restoration.
Being sold AS IS, this property presents a great opportunity for investors or buyers looking to add value and maximize returns. Conveniently located near shopping, major roads, and central Lakeland amenities.
Exterior Features: French Doors, Private Yard, Storage
Flooring: Carpet, Tile, Vinyl
Living Area: 2051.00
Other Structures: Guest House, Shed(s), Storage
Roof: Shingle
School Information
High School: Lakeland Senior High
Middle School: Crystal Lake Middle/Jun
School Elementary: Crystal Lake Elem
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Pool Features: In Ground, Outside Bath Access
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Heating: Central, Electric
Pets Allowed: Yes
Sewer: Septic Tank
Utilities: Electricity Connected, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2025
Other Features
Appliances: Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator
Country: US
Furnished: Unfurnished
Interior Features: Ceiling Fans(s), Open Floorplan, Thermostat
Legal Description: REPLAT SHORE ACRES GARDENS PB 31 PG 31 BLK 7 LOTS 14 & BEG SLY COR LOT 15 RUN NWLY ALONG SWLY LINE 15 FT NELY 130.04 FT M/L TO NELY LINE SAID POINT BEING 12 FT NWLY FROM ELY COR LOT 15 SELY 12 FT TO COR SWLY 130 FT TO POB
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