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About this home
1125 Olive St is a 1947-built home in Lake Beulah Heights DIV 02, Lakeland. Inside you'll find 6 bedrooms, 4 bathrooms, and 2,400 square feet of living space. Listed at $505,000 (about $210/sqft), 11 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
8.3% CAP RATE IN PLACE, 9.3% ON PRO FORMA: FOUR UPDATED UNITS. This turnkey fourplex delivers day one cash flow with rent upside already built into the numbers. Two separate duplexes sit on a combined 0.40-acre lot (including 3 parcels). Building one is a 1947 duplex with 1,120 sq ft, and building two is a 1954 duplex with 1,280 sq ft. All four units have been updated, so the heavy lifting is done. Current operations produce an 8.3% cap rate, and bringing rents to market per the pro forma pushes returns to a 9.3% cap rate. Add value through rent increases and efficient management, not capital projects. Four doors, two buildings, one lot, and a clear path to higher NOI. Request the rent roll and financials today.
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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.
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
$505,000
$210 per sq ft
Beds and baths
6 beds, 4 baths
Size
2,400 sq ft
Time on market
11 days
Year built
1947
Monthly payment
About $3,273/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $4,641 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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