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515 DUCHESS CT Lakeland, FL 33803
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Key Details
Sold Price $690,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,304 sqft
Price per Sqft $208
Subdivision Imperial Southgate Un 02
MLS Listing ID U8183895
Sold Date 04/11/23
HOA Y/N No
Originating Board Stellar MLS
Year Built 1972
Annual Tax Amount $2,595
Lot Size 8,276 Sqft
Acres 0.19
Property Description
Calling all investors! Welcome to 515 Duchess Ct, a fully renovated, block quadplex located in the heart of Lakeland. Whether you are an experienced investor looking to add another income producing asset to your portfolio or a buyer looking for a multi-family property to occupy and rent out the remaining units, this is the ideal investment. With easy access to the Airport, Hospital, and Florida Southern College, owners will find peace of mind knowing demand will remain strong for years to come. Units are broken down as (2) 2bd/1.5bth and (2) 2bd/1bth units. All units share a coin operated laundry room for additional income as well as an oversized parking pad. Each unit has an individual electric meter and water is paid for by the owner. Current leases include an additional fee to the lease amount to offset the cost of the tenants water usage and lawn care. All 4 units have been fully renovated with over $150,000 in recent updates including a new roof. The owner has spared no expense to ensure quality materials and finishes were used throughout, allowing units to rent at a premium, even in a competitive rental market. With few multi-family properties available in this area, this one is sure to go fast. Don't miss your opportunity to purchase this rarely available, block quadplex in a saught after location for tenants and investors alike. Please use latest FARBAR AS-IS contract. Measurements are estimates. Claims made in this listing are deemed correct by seller, but buyer understands it is their responsibility to confirm all info. Owner is also selling the neighboring quadplex, 511 Duchess Ct. MLS: U8183920.
Location
State FL
County Polk
Community Imperial Southgate Un 02
Interior
Interior Features Ceiling Fans(s), Stone Counters
Heating Central
Cooling Central Air
Fireplace false
Exterior
Exterior Feature Sidewalk
Utilities Available Public
Waterfront false
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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