S. Missouri Ave., Lakeland, FL 33803

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Investor opportunity in Dixieland Historic District that is in need of extensive repairs. This is the cheapest home within half mile by a mile. This handyman special has 2 beds and 2 baths on main level, and guest quarters upstairs with another bed/bath combo.

You can repair to flip, or use as two separate rental streams. Property does have some code violations, but nothing you wouldn’t fix regardless. There will be no liens associated with the violations. Comps show this house could be worth upwards of 200k, but we held back from going that far.

Dixieland Historic District

Assignable

Est. Rehab: $50,000 +/-

Est. ARV: $175,000 +

Recent Area Sales / Activity:

• 1001 Mississippi Ave – 2/1, 1156 SF – Pending at $224.9k
• 1006 Pennsylvania Ave – 2/1.5, 810 SF – Sold 7/18/18 for $145k ($179.01 PSF)
• 933 S Tennessee Ave – 2/2, 1032 SF – Sold 6/8/18 for $170k ($164.73 PSF)
• 219 W Belmar St – 3/1, 1148 SF – Sold 6/25/18 for $172.5k ($150.26 PSF)
• 951 Pennsylvania Ave – 2/2, 1102 SF – Sold 3/30/18 for $218k ($197.82 PSF)