515 W Magnolia St, photo 1
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Overview

0 baLand
TypeLand
HOANone listed
Lot5,031 sqft

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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.

From the listing

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.

The essentials

On market
633 days
Annual tax
$220
Flood zone
X · Low risk
Lot
5,031 sqft
Type
Land

At a glance

Payment

Est. monthly payment
$390/mo
Down payment (20%)
$13,000
Property taxes
$18/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Land
Year Built
-
Lot
5,031 sqft
Cooling
-
Heating
-
Parking
-
Days on Market
633
Flood Zone X
Annual Tax (2024)
$220
Parcel #
23-28-13-067500-006110

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Bowyers Sub
County
Polk
MLS Area
33815 - Lakeland
Lot Size
5,031 sqft

Price history

Date
Event
Price
1/20/2025
Listed for sale
Source: Stellar MLS #P4933408
$65,000

Neighborhood

515 W Magnolia St
Lakeland, FL, 33815 · 33815 - Lakeland

Calculator

Est. monthly payment
$390/mo
Principal & interest$339
Property taxes$18
Insurance$33
Down payment20% · $13,000
Interest rate6.80%
Loan term

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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.

Have another question?

Brokered byLA ROSA REALTY PRESTIGEListing agent: Stephen MorganListing data from Stellar MLS, MLS# P4933408.

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