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About this home
515 W Magnolia St is a home in Bowyers Sub, Lakeland. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Exceptional investment opportunity! Two adjacent lots for sale (PRICED FOR BOTH); see MLS# P4933411). Both parcels must be purchased together. Ideal for multi-family residential development. Located in the growing city of Lakeland, centrally positioned between Tampa and Orlando, with convenient access to I-4, major hospitals, shopping, and downtown. Zoned MF-22, this lot is well-suited for multi-family construction and offers strong rental income potential. Purchasing both parcels allows for a larger-scale development project. A great opportunity for builders and investors looking to capitalize on Lakeland’s continued growth and prime location. Buyers are advised to conduct their own thorough due diligence and any inspections they deem necessary to confirm that the property meets their expectations. All information provided is sourced from public records and is deemed reliable but not guaranteed.
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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.
Price history
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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
$65,000
Time on market
633 days
Monthly payment
About $390/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $220 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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