Overview
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About this home
611 N Lincoln Ave is a 1937-built home in Bowyers Sub, Lakeland. Inside you'll find 3 bedrooms, 2 bathrooms, and 1,326 square feet of living space. Listed at $170,000 (about $128/sqft), 56 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Income-producing investment opportunity just minutes from Downtown Lakeland! This 3-bedroom, 2-bath single-family home is currently tenant occupied, with each of the three bedrooms individually rented and tenants sharing the common areas. The home is furnished, and current rents include utilities and Wi-Fi. The property is currently generating $555 a week in gross rental income, providing an established income stream for a potential investor. Additional flex space offers options for an office, hobby area, storage, or other non-bedroom use. Conveniently located near Downtown Lakeland with easy access to shopping, dining, major roadways, and area amenities. Excellent opportunity for an investor looking to add an income-producing property to their portfolio or for a buyer considering future alternative uses. Tenant occupied. Please do not disturb tenants. Showings by appointment only.
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$170,000
$128 per sq ft
Beds and baths
3 beds, 2 baths
Size
1,326 sq ft
Time on market
56 days
Year built
1937
Monthly payment
About $1,145/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,072 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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