915 E Palmetto St - Apartments FOR SALE


Lakeland, FL 33801- City of Lakeland
$1,390,000 USD
863-617-0232
915 E Palmetto St, Lakeland, FL for Sale
$1,390,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

915 E Palmetto St
Lakeland, FL 33801
City of Lakeland


HIGHLIGHTS

  • A contributing property in the Lake Morton Historic District, showcasing timeless charm and architectural significance.
  • All units in the North Building have been completely updated with modern finishes and appliances.
  • Offers potential for further value-add improvements while already featuring updated elements.
  • Each unit blends historic character with contemporary amenities, including new fixtures and appliances.
  • Includes an on-site laundry facility and a spacious courtyard for relaxation and community enjoyment.
  • A rare opportunity to own a beautifully restored multifamily property in one of Lakeland’s most desirable historic neighborhoods.

OVERVIEW

Presenting a prime multifamily apartment investment opportunity in the Lake Morton Historic District! This exquisite 12-unit apartment building has been fully renovated in the North Building and partially remodeled in the South Building. As a contributing property in the district, its Mediterranean Revival architecture is both captivating and historically significant. The building beautifully blends classic charm with modern updates, having been thoughtfully restored to preserve its historical character while incorporating contemporary amenities. Each unit is fully renovated, featuring brand-new appliances and updated fixtures, offering tenants a comfortable, modern living experience. Additional amenities include an on-site laundry facility for tenant convenience and a spacious courtyard where residents can relax and enjoy Florida's wonderful climate. This is a rare opportunity to own a beautifully restored historic building in the heart of Lakeland. Don't miss the chance to add this exceptional multifamily property to your investment portfolio!

FOR SALE DETAILS

PRICE

$1,390,000 USD

PRICE/SF

$167 USD /SF

# OF UNITS

12

PRICE/UNIT

$115,833

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

2

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

RA-4

APN/PARCEL ID

24-28-19-215500-002010

ASK ABOUT THIS PROPERTY

Ben BectonKeller Williams Realty: Ben BectonMore Info
863-617-0232

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Ben BectonKeller Williams Realty: Ben BectonMore Info
863-617-0232

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