1310 N Combee Rd - Apartments FOR SALE


Lakeland, FL 33801- City of Lakeland
$699,000 USD
321-388-4394

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$699,000 USD
Apartments - FOR SALE
null | Request Cap Rate

1310 N Combee Rd
Lakeland, FL 33801
City of Lakeland


HIGHLIGHTS

  • Large 2.2-Acre Parcel: Offers low-density living and potential future development or expansion opportunities.
  • Durable Construction: Built in 1950 with block walls, slab foundations, and pitched shingle roofs.
  • Excellent Location: Close proximity to downtown Lakeland, I-4, and major employers in a high-demand Central Florida rental corridor.

OVERVIEW

Stabilized 8-Unit Asset: Fully leased and producing in-place income with long-term tenant stability. Diverse Unit Mix: Includes 3 one-bedroom/one-bath units, 4 two-bedroom/one-bath units, and 1 two-bedroom/two-bath single-family home. Tenant-Paid Utilities: Electric and water are separately metered and paid by tenants, reducing landlord operating costs. Low Overhead: Landlord only responsible for sewer (septic) and trash services. Value-Add Opportunity: Below-market rents present immediate upside through lease adjustments.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

8

PRICE/UNIT

$87,375

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

56,947 SF

ZONING

-

APN/PARCEL ID

24-28-09-175500-012400

ASK ABOUT THIS PROPERTY

Johnny PullmanThe APT Brokers.comMore Info
321-388-4394

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Johnny PullmanThe APT Brokers.comMore Info
321-388-4394

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