For sale· 37 days on market

115 EMMA

Lakeland, FL, 33815·MLS# O6421108

$399,000

Estimated $2,613/mo estimated

7
Bedrooms
5
Bathrooms
2,696
Sq ft
0.10 ac
Lot size
1900
Year built
$148
Per sq ft
  • Residential Income
  • Built 1900

About this home

Don’t miss this exceptional redevelopment and income-producing opportunity in the rapidly growing Lakeland market. Situated on a single parcel, this property consists of three total residential units across two separate buildings: * One duplex with separate electric meters for each unit. * One detached single-family home. Included with the sale are professionally completed Mechanical, Electrical, and Plumbing (MEP) plans, providing a significant head start for redevelopment and substantially reducing the time and expense required before construction. Proposed Redevelopment Plans * Detached Single-Family Home: Reconfigured into a modern 3-bedroom, 2-bathroom residence. * Duplex: Complete redesign into two expansive 5-bedroom, 3-bathroom units, creating a total of 13 bedrooms and 8 bathrooms across the property. The proposed layouts maximize rental potential while incorporating modern floor plans, updated building systems, and efficient use of space. Whether your strategy is traditional multifamily rentals, co-living, workforce housing, or another high-income rental model, this property offers exceptional flexibility. Located just minutes from downtown Lakeland with convenient access to Interstate 4, the property benefits from strong rental demand while offering easy access to both Tampa and Orlando.

Facts & features

Interior

Bedrooms
7
Bathrooms
5 full
Living area
2,696 sqft

Property

Type
ResidentialIncome
Year built
1900
Lot size
0.1 acres

Financial

Annual taxes
$1,903.31
Price / sqft
$148

Estimate your monthly payment

$79,800

$2,613/ month estimated

  • Principal & interest$2,081
  • Property tax$366
  • Insurance$166

Illustrative estimate — not a lending offer.

Location

Lakeland, FL

Similar homes nearby

Courtesy of BLUE LIGHTHOUSE REALTY INC

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Listing data courtesy of BLUE LIGHTHOUSE REALTY INC. My request routes to reThought Real Estate in DashBrew CRM.

$399,000

7 bd · 5 ba · 2,696 sqft