813-229-3111
1005 S New York Ave, Lakeland, FL for Sale
Apartments - FOR SALE
1/36
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1005 S New York Ave
Lakeland, FL 33803
City of Lakeland


HIGHLIGHTS

  • Ideally positioned in Lakeland along the high-growth I-4 corridor between Tampa and Orlando, the property bene?ts from strong regional job growth.
  • The asset generates diversi?ed ancillary income beyond base rent, including an established Resident Bene?t Package ($50/unit/month) and pet rent.
  • Highly uniform, e?cient ?oor plans averaging 824 SF per unit make the asset easy to manage and market, and the property is currently 100% occupied.
  • Ownership has replaced 7 of the 9 HVAC units within the past ?ve years and completed a roof replacement in 2017.

OVERVIEW

1005 S New York Ave in Lakeland, Florida is a 9-unit multifamily investment property located in the city's Dixieland District. The property consists of a concrete block apartment building with eight two-bedroom, one-bath units and one one-bedroom, one-bath unit. Recent renovations and capital improvements have enhanced the asset's long-term appeal, including a roof replacement in 2018 and air-conditioning replacements in seven of the nine units within the past five years. The property offers dedicated resident parking and an on-site laundry facility that provides additional income potential. Individual units feature durable, low-maintenance finishes designed to support efficient operations and resident retention. The location places tenants near Downtown Lakeland, local dining and retail destinations, and major transportation corridors, contributing to consistent rental demand within an established residential neighborhood

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

9

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,780 SF

ZONING

RA4

APN/PARCEL ID

23-28-24-122500-001011

ASK ABOUT THIS PROPERTY

Logan WelchCBREMore Info
813-229-3111

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Logan WelchCBREMore Info
813-229-3111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.