Multi-Residential Compound | 2.40 Acres | Massive Value-Add Potential

Explore this unique investment opportunity in Lakeland, Florida, featuring a versatile four-unit mix on a single, expansive parcel. This property is perfectly positioned for an investor looking to capture immediate cash flow while leveraging significant rental upside and future development potential.

The Property

• This compound consists of two solid block single-family homes and two manufactured homes, providing a diverse rental portfolio.

Investment Strategy

• Income Optimization: Currently generating $4,350/month, all units are occupied by long-term tenants with rents significantly below market. There is a clear path to increasing revenue by $200–$300 per unit.
• Strategic Land Use: Set on 2.40 acres and zoned 0803 (Multiple Residences SFR & MH), the site offers ample room for additional units or property enhancements to further drive value.
• Turnkey Foundation: All units underwent renovations after 2011. The property is serviced by Lakeland Electric with separate septic systems, utilizes a shared well.

SELLER FINANCING: 20% down and balance amortized over 30 years with a 5-year balloon note.

Investment highlights

• Immediate Rental Upside: Total gross monthly rent is currently $4,350. With long-term tenants currently in place, rents are well below market value. Investors can realize an estimated $200–$300 increase per unit to align with current market rates.
• Recent Capital Improvements: Units were renovated after 2011, providing a solid foundation for a "fix and flip" strategy or a high-yield "buy and hold" portfolio.
• Development Potential: The oversized 2.40-acre lot (Zoned 0803 - Multiple Residences SFR & MH) offers ample room for the addition of further properties or amenities to maximize the parcel’s value.
• Utilities: Powered by Lakeland Electric; the site features a shared well and private septic systems.  

For information regarding the property, please contact the Listing Agent. To speak with a HOMESALE.PLUS representative about auction procedures, please call 410-441-5443 or help@homesale.plus.

Bidding will open at 12 Noon on Friday, July 3, 2026 and close at 1:00 pm on Monday, July 6, 2026.

Additional Auction Terms:

• 10% buyer's premium will be added to the winning bid.
• In order to receive a commission, Buyer's Agent must be registered as an agent on Homesale.plus prior to the time buyer places 1st bid. 
• Property is sold AS-IS, no inspection contingency.
• No financing contingency.
• Buyer pays all transfer & recordation taxes.
• 10% Earnest Money Deposit due at contract execution.