For sale· 17 days on market
2929 NINE IRON
Lakeland, FL, 33801·MLS# L4963478
$499,000
Estimated $3,267/mo estimated
- 8
- Bedrooms
- 4
- Bathrooms
- 3,400
- Sq ft
- 0.35 ac
- Lot size
- 1983
- Year built
- $147
- Per sq ft
- Residential Income
- Built 1983
About this home
Don't miss this exceptional investment opportunity featuring two duplexes on one lot, offering four income-producing units with immediate cash flow. Located at 2929 Nine Iron Drive and 2934 Eight Iron Drive in Lakeland, this rare multifamily property includes three occupied units and one vacant unit, providing immediate rental income while offering flexibility to lease the vacant unit at current market rates or occupy it yourself. Each unit features 2 bedrooms, 1 full bathroom, and washer/dryer hookups for added tenant convenience. Both duplexes received new roofs in 2019, helping reduce future maintenance costs. Ideally situated in a central Lakeland location, the property offers easy access to shopping, dining, schools, major roadways, and everyday conveniences, making it highly desirable for tenants and supporting strong long-term rental demand. Whether you're looking to expand your investment portfolio or acquire a well-positioned multifamily asset, opportunities like this are rare. With established rental income, additional upside through the vacant unit, and a prime location, this is an investment you won't want to miss.
Facts & features
Interior
- Bedrooms
- 8
- Bathrooms
- 4 full
- Living area
- 3,400 sqft
Property
- Type
- ResidentialIncome
- Year built
- 1983
- Lot size
- 0.35 acres
Financial
- Annual taxes
- $5,441.87
- Price / sqft
- $147
Estimate your monthly payment
$3,267/ month estimated
- Principal & interest$2,602
- Property tax$457
- Insurance$208
Illustrative estimate — not a lending offer.
Location
Lakeland, FL
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Courtesy of ALL COUNTY POLK PROPERTY MANAG
reThought Real Estate
My local team · (407) 974-5509
$499,000
8 bd · 4 ba · 3,400 sqft