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Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
1981
Sq.Footage
1,842
Income-producing full duplex in the desirable Lake Gibson area of Lakeland. Located in Lake Gibson Villas Phase 2, this concrete block property was built in 1981 and offers two separate 2-bedroom, 1-bath units totaling 1,842 square feet of living space. The property has received consistent updates, helping minimize near-term capital expenses. New windows and front doors were installed in April 2024, and a third nail for wind mitigation was added in June 2023. Unit 281 features a renovated kitchen with updated counters (July 2019) and new LVP flooring in the bathroom (January 2024). Unit 283 includes a newer dishwasher (July 2019) and a replaced AC unit (August 2020). One AC system has been updated; the other remains original. Both sides are currently occupied by long-term tenants with rental income of $1,265 and $1,285 per month. Current rents are slightly below the area average of approximately $1,250–$1,350 for comparable 2-bedroom units (buyer to verify), presenting potential upside. Situated on a 0.25-acre lot in unincorporated Polk County, the property is conveniently located near Lake Gibson, shopping, dining, and major commuter routes. Ideal for investors seeking steady cash flow or buyers looking to house hack while offsetting their mortgage. Solid block construction, practical improvements, and a proven rental layout make this a strong addition to any portfolio.
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric
-
Pet friendly
Cats OK, Dogs OK
Exterior
-
Garage
No
-
Construction Materials
Block
-
Other Exterior Features
Private Yard, Storage
-
Parking
Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.25
-
Property Type
Residential Income
-
Property Sub Type
Duplex
Price
-
Sales Price
$314,900
-
Tax Amount
$3,709.92
-
Sq. Footage
1, 842
-
Price/SqFt
$170
HOA
-
Association
No
School District
-
Elementary School
Padgett Elem
-
Middle School
Lake Gibson Middle/Junio
-
High School
Lake Gibson High
Property Features
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Septic Tank
-
Tax Lot
3
-
Water Source
Public
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Location
County
Polk
Elementary School
Padgett Elem
Middle School
Lake Gibson Middle/Junio
High School
Lake Gibson High
Listing Courtesy of Cat Calvosa , KELLER WILLIAMS REALTY SMART
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Business Coach | Executive Sales Associate | Realtor®
Michael Graf
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