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Description
Under contract-accepting backup offers. Excellent investment opportunity in the heart of Lakeland! This fully occupied, income-producing quadraplex at 602 Emma St features four separate 1-bedroom, 1-bathroom units, ideal for generating consistent rental income or expanding your portfolio. Each unit offers a functional layout, appealing to a wide range of tenants. Situated in a central Lakeland location, the property provides convenient access to shopping, dining, major roadways, and local amenities, making it attractive for long-term renters. A newer roof installed in 2021 adds peace of mind and reduces near-term maintenance costs. Whether you're a seasoned investor or just getting started, this multi-unit property offers strong income potential in a growing market. Don't miss your chance to secure a solid asset in a prime location!
Property Highlights
Property Type: Multi Unit - Multiple
Cooling: Mini-Split Unit(s), Wall/Window Unit(s)
Heating: Other, Ductless
Lot Size: 0.11 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $4,857
Year Built: 1930
General Information
Bedrooms: 4
Sqft: 2,560
County: Polk
Subdivision: WARD R A
Listed By:
Derek McGehee
ALL COUNTY POLK PROPERTY MANAG
863-510-5965
MLS ID: L4960315
Amenities
Split Bedroom
Balcony
Lighting
Property Features
Annual Net Income: 30000.00
Days on Site: 15
Directions: From I4, head south on US98, turn right onto W Memorial Blvd, turn left on Texas Ave, property is down the street on the corner of Texas Ave and Emma St.
Exterior: Frame
Flood Zone Code: X
Foundation: Crawlspace
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA
Lot Dimensions: 0.11
Ownership: Fee Simple
Pets Allowed: Yes
Pets Restrictions: No pet restrictions
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Do Not Contact Tenants, Listing Agent Must Accompany, No Lockbox, See Remarks, ShowingTime
Special Sale Provisions: None
Units: 4
Utilities: Electricity Connected, Public, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RA-4
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602 Emma Street, Lakeland, FL 33815.
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Estimated Payment
$ 1,815.58 per month $1,298.54 Principal & Interest $404.75 Property Tax $112.29 Homeowner's InsuranceChange Payment Information
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