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About this home
901 Pennsylvania Ave is a 1902-built home in Scotts Lakeland Heights, Lakeland. Inside you'll find 16 bedrooms, 16 bathrooms, and 3,272 square feet of living space. Listed at $670,000 (about $205/sqft), 59 days on market. Flood zone 12105c0315 - confirm flood insurance requirements with your lender.
GREAT INCOME-PRODUCING INVESTMENT OPPORTUNITY IN THE HEART OF LAKELAND! Located at 901 Pennsylvania Ave, this well-positioned fourplex offers investors the opportunity to own a multi-family property in the highly desirable Lake Morton Historic District. The property consists of 4 spacious 1-bedroom, 1-bath units, each approximately 900 square feet, offering a highly rentable layout and strong long-term income potential. ALL UNITS RENTED $4650/Month The property maintains much of its original Florida character, including original hardwood floors, solid wood doors, and charming architectural details rarely found in newer construction. Units also feature additional touches such as washer/dryer accommodations, sunrooms adding to their appeal and rental potential. LOCATION IS A MAJOR HIGHLIGHT. The property is conveniently situated near Florida Southern College, Lake Morton, Downtown Lakeland, the public library, museums, restaurants, shopping, entertainment, and major roadways. Its central location provides excellent access to many of Lakeland's most desirable destinations while placing tenants close to employment, education, recreation, and everyday conveniences. Whether you're looking to expand an existing rental portfolio, enter the multifamily investment market, or acquire a long-term income-producing asset, 901 Pennsylvania Ave offers an excellent combination of location, character, multiple rental units, and future income potential. 4 units. 1 property. Multiple income streams. A great opportunity to invest in one of Lakeland's established neighborhoods.
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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
$670,000
$205 per sq ft
Beds and baths
16 beds, 16 baths
Size
3,272 sq ft
Time on market
59 days
Year built
1902
Monthly payment
About $4,412/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $6,997 annual tax bill, insurance.
Flood zone
Zone 12105C0315
That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.
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