For sale· 113 days on market

408 LONGFELLOW

Lakeland, FL, 33801·MLS# G5110900

$239,000

Estimated $1,565/mo estimated

5
Bedrooms
4.5
Bathrooms
2,051
Sq ft
0.19 ac
Lot size
1949
Year built
$117
Per sq ft
  • Residential
  • Built 1949

About this home

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 (which can be used as a 4th room), 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 will 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.

Facts & features

Interior

Bedrooms
5
Bathrooms
4 full, 1 half
Living area
2,051 sqft

Property

Type
Residential
Year built
1949
Lot size
0.19 acres

Financial

Annual taxes
$3,714
Price / sqft
$117

Estimate your monthly payment

$47,800

$1,565/ month estimated

  • Principal & interest$1,246
  • Property tax$219
  • Insurance$100

Illustrative estimate — not a lending offer.

Location

Lakeland, FL

Similar homes nearby

Courtesy of THE FLORIDA PROPERTY SHOP SALE

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Listing data courtesy of THE FLORIDA PROPERTY SHOP SALE. My request routes to reThought Real Estate in DashBrew CRM.

$239,000

5 bd · 4.5 ba · 2,051 sqft