BEDS4
BATHS
SQUARE FEET1,813
MLS#L4964553
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWESTGATE
Property Description
INVESTMENT OPPORTUNITY NEAR DOWNTOWN LAKELAND! This cement-block duplex features two 2-bedroom, 1-bath units, each offering more than 900 square feet of living area. Both units are currently rented, providing immediate rental income for the new owner. Additional highlights include fenced yards and new roof shingles, fascia and soffits completed in 2026. The property also provides ample off-street parking with six designated spaces. Conveniently located near downtown Lakeland with easy access to shopping, dining, employment and major roadways. Priced below market at $249,000. This income-producing property offers an excellent opportunity to add a solid rental property to your investment portfolio. The rents are below normal rents in the area. The rents in the community range in the $1100 to $1400 per side unit. PLEASE CALL TODAY FOR ADDITIONAL INFORMATION!!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.16 Acres
Roof Type: Shingle
Taxes: $2,020
Year Built: 1979
Amenities
Ceiling Fans(s)
Fence
Feature Descriptions
Annual Net Income: 9530.00
Appliances: Electric Water Heater, Range, Range Hood
Days on Site: 1
Directions: Main St to traffic circle continue straight onto west main turn right on Olive St to left on Westgate to duplex on your right
Exterior: Block, Concrete
Flood Zone Code: X
Foundation: Slab
HOA Fee: 0
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional
Lot: City Limits, Near Golf Course, Near Public Transit, Sidewalk, Paved
Lot Dimensions: 0.16
Ownership: Fee Simple
Pets Allowed: No
Property Attached Y/N: Yes
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only
Special Sale Provisions: None
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RB-2
Local Schools
High School: Kathleen High
Elementary School: Rosabelle W. Blake
Listed By / Shown By
Listed By
Agency Name: KELLER WILLIAMS REALTY
Agency Contact: 863-577-1234
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 795.12 per month $554.17 Principal & Interest $168.33 Property Tax $72.63 Homeowner's InsuranceChange Payment Information
506 S Westgate Avenue | MLS# L4964553
This multi-family property located at 506 S Westgate Avenue , Lakeland, FL 33815 is currently listed for sale with an asking price of $249,000. Search Lakeland real estate on www.realtymark.net today.