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915 E Palmetto St 12 Unit Apartment Building $1,390,000 ($115,833/Unit) Lakeland, FL 33801
Investment Highlights
- A contributing property in the Lake Morton Historic District, showcasing timeless charm and architectural significance.
- Offers potential for further value-add improvements while already featuring updated elements.
- Includes an on-site laundry facility and a spacious courtyard for relaxation and community enjoyment.
- All units in the North Building have been completely updated with modern finishes and appliances.
- Each unit blends historic character with contemporary amenities, including new fixtures and appliances.
- A rare opportunity to own a beautifully restored multifamily property in one of Lakeland’s most desirable historic neighborhoods.
Executive Summary
Presenting a prime multifamily apartment investment opportunity in the Lake Morton Historic District! This exquisite 12-unit apartment building has been fully renovated in the North Building and partially remodeled in the South Building. As a contributing property in the district, its Mediterranean Revival architecture is both captivating and historically significant. The building beautifully blends classic charm with modern updates, having been thoughtfully restored to preserve its historical character while incorporating contemporary amenities. Each unit is fully renovated, featuring brand-new appliances and updated fixtures, offering tenants a comfortable, modern living experience. Additional amenities include an on-site laundry facility for tenant convenience and a spacious courtyard where residents can relax and enjoy Florida's wonderful climate. This is a rare opportunity to own a beautifully restored historic building in the heart of Lakeland. Don't miss the chance to add this exceptional multifamily property to your investment portfolio!
Property Facts
| Price | $1,390,000 | Apartment Style | Low-Rise |
| Price Per Unit | $115,833 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.45 AC |
| No. Units | 12 | Building Size | 8,348 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1926 |
| Zoning | RA-4 - Residential apartments | ||
| Price | $1,390,000 |
| Price Per Unit | $115,833 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.45 AC |
| Building Size | 8,348 SF |
| No. Stories | 2 |
| Year Built | 1926 |
| Zoning | RA-4 - Residential apartments |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Vinyl Flooring
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 825 |
1 1
Fairly walkable
50/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 24-28-19-215500-002010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $275,765 |
Property Taxes
Parcel Number
24-28-19-215500-002010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$275,765
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915 E Palmetto St