813-462-4214
5233 US Highway 98 N
Lakeland, FL 33809
City of Lakeland
HIGHLIGHTS
- Attractive 1989 built apartment community featuring frontage on Lake Gibson and offering a 9.16-acre Phase II development opportunity.
- Significant value-add opportunity by renovating all units to luxury-grade finishes allowing for rent increases.
- Enhance value through ancillary income by establishing a cable/WiFi contract, charging premiums for lake views/vaulted ceilings.
- Excellent connectivity to Tampa & Orlando via Interstate 4 and is just minutes away from major retail & entertainment destinations.
- Robust population growth has positioned Lakeland as the fourth fastest-growing city in the U.S. (U.S. News & World Report, 2024-2025)
- Over $3.8M has been invested in recent capital improvements, including the replacement of roofs, major mechanical systems, and all new plumbing.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Reserve at Lakeland - CFO - 5/7/25
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1989
PARKING SPACES
-
LAND DETAILS
LAND ACRES
23.56 AC
LAND SF
1,026,274 SF
ZONING
PUD
APN/PARCEL ID
23-27-25-000000-031030
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813-462-4214
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813-462-4214
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