214 N Chestnut Rd - CHESTNUT RD 6 Unit Apartment Building Offered at $695,000 at a 7% Cap Rate Lakeland, FL 33815

Investor’s Dream in the Heart of Lakeland! This fully leased 6-unit residential building is an instant money maker! Each unit features its own electric meter and dedicated central A/C, providing tenants with independence and helping minimize operating expenses for the owner. Located on city utilities with a private septic system, this setup offers both convenience and cost-efficiency—ideal for any savvy investor. Roughly 496 Sq ft Under Air in each unit. Perfectly positioned near Lakeland’s top destinations, tenants enjoy easy access to Lake Mirror and the Frances Langford Promenade, Hollis Garden, Lake Morton, and Bonnet Springs Park. Just minutes away are Circle B Bar Reserve, Polk Theatre, Frank Lloyd Wright’s iconic architecture at Florida Southern College, and the AGB Museum of Art. From the Lakeland Escape Room and Family Fun Center to Common Ground Playground, the Downtown Farmers Curb Market, Silver Moon Drive-In, and Safari Wilderness Ranch, this location delivers consistent rental demand. Don’t miss your chance to own this income-producing gem in one of Central Florida’s most vibrant and growing communities!