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$385,000

5 Beds 3 Baths 1,928 SQFT 0.13 Acres
Type: Single Family

303 W 5TH STREET
LAKELAND, FL 33805

MLS#: TB8531497
Shelby Boche
Shelby Boche
The Real Estate Advantage
REALTOR®
Phone: 952.270.3077
Office: 952.898.5800
Presented by: HOME PRIME REALTY LLC with 813-497-4441. - 8134974441

Property Description

 

Under contract-accepting backup offers. Incredible income-producing property in Lakeland! Completely renovated from top to bottom with fresh paint, modern finishes, and all-new systems, this multi-unit property is a true turnkey investment. Two Smart Ways to Buy: As an Owner-Occupant: Move right into the spacious main house (market value estimated at $2,000/month) while the two secondary units already generate steady income ($1,100/mo and $1,200/mo). The main house will be vacant in August, and the other units are secured with stable 1-year leases and deposits in place. As a Pure Investor: Lease out the main house to maximize your cash flow, bringing the total gross monthly income to approximately $4,300/mo from day one. Featuring a versatile layout, brand-new updates throughout, and a fantastic location, this high-return property offers endless flexibility and immediate results. Schedule your showing today!


 

Interior Features

Bedrooms

Total Bedrooms5

Bathrooms

Half Baths0
Total Baths3

Other Interior Features

LivingAreaSource0 sqft
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringCarpet, Ceramic Tile, Laminate
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesCeiling Fan(s), Solid Surface Counters, Split Bedroom
Laundry FeaturesInside

General

Additional Parcels Y/NNo
AppliancesMicrowave, Range, Refrigerator
Building Area Units0 sqft
Carport Y/NNo
CityLAKELAND
Construction MaterialsBlock, Stucco
CoolingCentral Air, Mini-Split Unit(s)
CountyPolk
DirectionsIf you're heading south on US-98 (N Florida Ave) in Lakeland, turn right to head west on W 5th St. The property will be on your right on the corner of W 5th St and N New York Ave.
Facing DirectionEast
Flood Zone CodeX
Flood Zone Code XY
Full Baths3
Garage Y/NNo
HeatingCentral
In Law Suite Description2+ Bathrooms, 2+ Bedrooms
In Law Suite YNYes
Land Lease Y/NNo
Lease Considered Y/NNo
Legal DescriptionWASHINGTON PARK PB 1 PG 99 BLK 13 LOT 8
LevelsOne
Listing TermsCash, Conventional
Living Area Units0 sqft
Lot Size Square Feet5863
Lot Size UnitsSquare Feet
MLS Area33805 - Lakeland / Gibsonia
New ConstructionNo
Occupancy TypeTenant
OwnershipFee Simple
Property SubtypeSingle Family Residence
Property TypeResidential
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive Under Contract
StatusPending
Subdivision NameWASHINGTON PARK
Tax Annual Amount$3,378
Tax Lot8
Tax Year2025
Total Rooms10
UtilitiesBB/HS Internet Available, Electricity Connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1947
ZoningRA-4

Exterior

Building Area Total1,928 sqft
Exterior AmenitiesPrivate Entrance, Sidewalk
Foundation DetailsSlab
Lot Size Acres0.13
Lot Size Area5,863 sqft
Private PoolNo
Road Surface TypeAsphalt
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

  

Similar Properties

$385,000

5 Beds 3 Baths 1,928 SQFT 0.13 Acres
Type: Single Family

303 W 5TH STREET
LAKELAND, FL 33805

MLS#: TB8531497
Shelby Boche
Shelby Boche
The Real Estate Advantage
REALTOR®
Phone: 952.270.3077
Office: 952.898.5800