$105,900
2,696 sq. ft.
28.0534 -81.9579

115 Emma Street Lakeland, FL 33815

$105,900
Est. Monthly $596 with $690 in taxes recalculate
2,696 sf
 

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CENTURY 21 Myers Realty
304 E Park St
Auburndale, FL 33823
863.­875.5656
863.­875.5656
CENTURY 21 Myers Realty
304 E Park St Auburndale, FL 33823
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115 Emma Street
Lakeland, FL 33815

Explore This Property

Multi-Family (2-4 Units) - Investors. Here is a super rare opportunity to own a large triplex that is made up of a 3 bdrm 1 bath, a 4 (or 5) bdrm 1 bath, and a 1/1 single family house. The single family home could use a little love, but is rented for $500 per month to a long time tenant who would be happy to stay. The duplex: 1st level: 3 bdrms 1 bath but could be modified to be a 4/1 or 4/2. Currently has 3 good sized bedrooms, a large living room, and formal dining room (that could be turned into a 4th bdrm). Also has a large laundry room that could be easily made into 2nd bath. Upstairs unit is currently setup as a 5/1 and was most recently rented by the room for maximum cash flow. With no modification besides taking the door off the hinges, the 5th bdrm can be made into a living room. Super low taxes of only $634 per year.

Cash flow analysis 1/1 SFR already rented for $500 . 3/1 1st level of duplex $800 market rent (or turn into 4 bdrm and rent each room for $350 per month = $1400 . 4/1 2nd level of duplex $900 market rent (or rent 5 bdrms for $350 per month = $1750 monthly rental income $2,200 or as high as $3,650 by renting rooms.

We can finance this property with $38k down. Here's what the numbers would look like: $2200 market rent with 3 leases (aka not renting by the room) -53 monthly portion of property taxes -70 monthly portion of property insurance -525 monthly mortgage (80% LTV)= $1,552 net positive cash flow $18,624 annual net positive cash flow.
MLS # T2881705
Courtesy Of Pineywoods Realty LLC

Property Features

  • Age: Over 50 Years Old
  • Amenities: Deck, Porch, Patio
  • Architecture Style: Other
  • Cooling System: Central A/C
  • Exterior Type: Stucco, Wood
  • Lot Size: 0.1 Acres
  • Roof Type: Composition Shingle

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 4.75% APR
    $596Your estimated monthly payment
    $21,18020% Down Payment
    $105,900 $95,310 $690
    purchase price loan amount property tax (est)
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    VALLEYVIEW ELEMENTARY SCHOOL
    Grades K-5 | Public School

    LAKELAND, FL 33813
    2900 E COUNTY ROAD 540A
    863-648-3535
    7.5
    miles

    Total Students 750
    Student Teacher Ratio 16:1

    School Rating

    4 stars View School Details
    Middle School
    LAKELAND HIGHLANDS MIDDLE SCHOOL
    Grades 6-8 | Public School

    LAKELAND, FL 33813
    740 LAKE MIRIAM DR
    863-648-3500
    5.4
    miles

    Total Students 1153
    Student Teacher Ratio 16:1

    School Rating

    3 stars View School Details
    High School
    LAKELAND SENIOR HIGH SCHOOL
    Grades 9-12 | Public School

    LAKELAND, FL 33801
    726 HOLLINGSWORTH RD
    863-499-2900
    1.6
    miles

    Total Students 1596
    Student Teacher Ratio 16:1

    School Rating

    3 stars View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Hadley's Early Education Preschool 0.2 mi Private -
    Mckeel Elementary Academy 0.4 mi Public K-6
    Lawton Chiles Middle Academy 0.4 mi Public 6-8
    St Luke S Christian Academy & Preschool 0.6 mi Private PRESCHOOL-5
    Pace Center For Girls 0.6 mi Public 6-11
    Lincoln Avenue Academy 0.7 mi Public K-5
    Rochelle School Of The Arts 0.8 mi Public K-8
    Greater St Paul Academy 0.8 mi Private K-8
    Solutions Academy 0.9 mi Private -
    Lakeland Montessori School House 1.1 mi Public PRESCHOOL-8
    Rosabelle W. Blake Academy 1.2 mi Public PRESCHOOL-8
    Lakeland Institute For Learning 1.2 mi Private -
    Achievement Academy 1.2 mi Public PRESCHOOL-PRESCHOOL
    Calvary Baptist Church Academy 1.3 mi Private K-12
    Lakeland Montessori Middle School 1.3 mi Public 6-8
    Saint Joseph's School 1.4 mi Catholic PRESCHOOL-8
    Philip O'brien Elementary School 1.4 mi Public K-5
    West Area Adult/community School 1.4 mi Public UNGRADE-UNGRADE
    Mckeel Academy Of Technology 1.6 mi Public 7-12

    Local Area Information for Lakeland, FL 33815

    Median Age: 41.3
    Married: 33.7%
    Number of Households: 6,117
    Households with Children: 1,225
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2017 My Florida Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
      The Multi-Family (2-4 Units) located at 115 Emma Street, Lakeland, FL 33815 is currently for sale. 115 Emma Street, Lakeland is listed for $105,900. This property has approximately 2,696 square feet. If the property located at 115 Emma Street, Lakeland, FL isn't what you're looking for, search Florida real estate to see other houses for sale in Lakeland.