$673,500

About this home

EXCELLENT INVESTMENT OPPORTUNITY IN GROWING NORTH LAKELAND! Don't miss this opportunity to acquire TWO well-maintained, income-producing concrete block duplexes at 822/824 and 830/832 Shirley Ann Trail, Lakeland, FL 33809! Together, these properties offer FOUR spacious 2-bedroom, 2-bathroom rental units, all currently occupied, generating $5,245 in monthly rental income and $62,940 in annual gross rental income! At a combined asking price of $699,800, this represents an attractive 9.0% GROSS ANNUAL RENTAL YIELD based on current rents, before operating expenses! Current monthly rents are $1,400, $1,400, $1,295, and $1,150, offering investors established income from day one. The duplex at 822/824 features a newer 2025 architectural shingle roof, fresh interior and exterior paint, and durable tile flooring throughout. The adjoining duplex at 830/832 will have a NEW ROOF installed prior to closing, providing additional value and peace of mind! Conveniently located in desirable North Lakeland, just minutes from I-4 with easy access to Tampa and Orlando, these properties are also close to US Highway 98 North, Walmart, shopping, restaurants, public transportation, and major employment centers. Lakeland continues to attract residents and businesses thanks to its strategic Central Florida location, expanding employment opportunities, and ongoing economic development, making it an attractive market for real estate investors. With established rental income, a history of long-term tenant renewals, and significant recent improvements, this is an excellent opportunity to expand your investment portfolio! IMPORTANT: BOTH DUPLEXES ARE BEING SOLD TOGETHER AS A FOUR-UNIT INVESTMENT PACKAGE. SELLER WILL NOT SELL THE PROPERTIES INDIVIDUALLY. Whether you're an experienced investor looking to expand your portfolio or seeking your next income-producing property, this opportunity deserves your attention! CALL TODAY for additional information, rental details, and an opportunity to make these FOUR income-producing units yours!

Property details

MLS

Stellar MLS

MLS #

MFRL4965785

Property type

Duplex

Subdivision

LAKE GIBSON VILLAS

Status

Active

Days on market

6

On market date

October 14, 2026

Stories

N/A

Total bathrooms

N/A

Garage spaces

N/A

Parking spaces

N/A

Lot size

0.54 acres

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.