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Prime investment opportunity right in the heart of Lakeland! This duplex features two exceptional units—a spacious 2-bedroom, 1-bath unit and a charming 1-bedroom, 1-bath unit—both thoughtfully updated and move-in ready. Ideally located just minutes from Florida Southern College, Lake Morton, Lake Hollingsworth, and many shopping, dining, and entertainment options, this property offers the best of Lakeland living. Downtown is less than one mile away, allowing residents and guests to enjoy popular local attractions such as First Friday events, the Saturday Farmers Market, and a vibrant downtown scene as easy as a walk, bike ride, or short drive away. Most recently operated as a successful short-term rental, both units are being sold fully furnished and completely outfitted, making this a true turnkey investment opportunity. The property is equally well-suited for long-term rental income or owner-occupancy with supplemental rental revenue. A shared backyard and common outdoor space provide a welcoming area for relaxation and entertaining, while dedicated parking is conveniently located behind the home. Each unit also includes its own storage shed equipped with a washer and dryer. Recent improvements include upgraded flooring, window treatments, appliances, beautifully renovated bathrooms, and a brand-new roof installed in 2025. Adding to the home's charm is the inviting front porch, the perfect place to unwind and enjoy Florida's beautiful weather. Whether you're looking to expand your investment portfolio or secure a owner-occupied income producing opportunity in one of Lakeland's most desirable locations, this duplex is a rare opportunity you won't want to miss.
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$425,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $340,000 | $340,000 | $340,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.866% |
| Monthly Tax Payment | $402 | $402 | $402 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,036 | $2,147 | $2,801 |
| Total Monthly Payment | $2,513 | $2,624 | $3,278 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.