214 N Chestnut Rd - Multi-Family FOR SALE


Lakeland, FL 33815- City of Lakeland
$695,000 USD
813-410-8946
214 N Chestnut Rd, Lakeland, FL for Sale
$695,000 USD
Multi-Family - FOR SALE
1/5
null | 7% Cap Rate

214 N Chestnut Rd
Lakeland, FL 33815
City of Lakeland


OVERVIEW

Investor’s Dream in the Heart of Lakeland! This fully leased 6-unit residential building is an instant money maker! Each unit features its own electric meter and dedicated central A/C, providing tenants with independence and helping minimize operating expenses for the owner. Located on city utilities with a private septic system, this setup offers both convenience and cost-efficiency—ideal for any savvy investor. Roughly 496 Sq ft Under Air in each unit. Perfectly positioned near Lakeland’s top destinations, tenants enjoy easy access to Lake Mirror and the Frances Langford Promenade, Hollis Garden, Lake Morton, and Bonnet Springs Park. Just minutes away are Circle B Bar Reserve, Polk Theatre, Frank Lloyd Wright’s iconic architecture at Florida Southern College, and the AGB Museum of Art. From the Lakeland Escape Room and Family Fun Center to Common Ground Playground, the Downtown Farmers Curb Market, Silver Moon Drive-In, and Safari Wilderness Ranch, this location delivers consistent rental demand. Don’t miss your chance to own this income-producing gem in one of Central Florida’s most vibrant and growing communities!

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

6

PRICE/UNIT

$115,833

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CHESTNUT RD

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

23-28-15-000000-024280

ASK ABOUT THIS PROPERTY

Mohamed DembeleLoKation Real EstateMore Info
813-410-8946

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Mohamed DembeleLoKation Real EstateMore Info
813-410-8946

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