Tanglewood St., Lakeland, FL 33801


NOW: $489,000
Price WAS: $515,000

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Check out this fantastic multi-family rental property that is well maintained. The 10 units are all in good, rent-ready condition that are for mature adults only, and no children or pets allowed. All of the roofs were replaced in 2014-2015, septic tanks were recently serviced, it is routinely (preventative) treated for termites and pests, and the landscaping is done once every two weeks. No rehab needed on this one, and all tenants are on a 12 month lease.

Here’s the breakdown:

Eight – 1 Bed / 1 Bath units: 525 SF each

First floor unit: 525 SF

Top floor unit: 525 SF

  • One storage unit & laundry room attached to bottom floor of the yellow building
  • Utilities: City water and 3 Septic tanks.
  • Monthly Maintenance cost: $350-400 average
    • Tenants pay electricity
    • Onsite dumpster for waste management: $128/mo
    • Landscaping: $100/mo
    • Water: $150/mo
  • Parking: Onsite

Lakewood Park, No HOA


Est. Rehab: Very Light

Tax/Yr: $2,445.69

Potential Monthly Income: $5,550 +

Current Monthly Income: $4,450 (8 units are occupied)

  • Address: Tanglewood St., Lakeland, FL 33801 
  • Price: NOW $489,000 
  • Availability: Sold 
  • Listing Type: Multi Family 
  • Bedrooms: 10 
  • Bathrooms: 10 
  • Total Square Feet: 5250 
  • Construction Type: Yellow building: Block, Stucco Grey Building: Wood & Stucco 
  • Year Built: 1967, 1973 

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