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281 & 283 Leelon Road, Lakeland, FL 33809

Lakeland
Local realty services provided by:CENTURY 21 Results
281 & 283 Leelon Road,Lakeland, FL 33809
$314,900
  • 4 Beds
  • 2 Baths
  • 1,842 sq. ft.
  • Multi-family
  • Active
Listed by: cat calvosa
Office: keller williams realty smart
MLS#:L4959798
Source:MFRMLS

Price summary

  • Price:$314,900
  • Price per sq. ft.:$161.32

About this home

Income-producing full duplex in the desirable Lake Gibson area of Lakeland. Located in Lake Gibson Villas Phase 2, this concrete block property was built in 1981 and offers two separate 2-bedroom, 1-bath units totaling 1,842 square feet of living space. The property has received consistent updates, helping minimize near-term capital expenses. New windows and front doors were installed in April 2024, and a third nail for wind mitigation was added in June 2023. Unit 281 features a renovated kitchen with updated counters (July 2019) and new LVP flooring in the bathroom (January 2024). Unit 283 includes a newer dishwasher (July 2019) and a replaced AC unit (August 2020). One AC system has been updated; the other remains original. Both sides are currently occupied by long-term tenants with rental income of $1,265 and $1,285 per month. Current rents are slightly below the area average of approximately $1,250–$1,350 for comparable 2-bedroom units (buyer to verify), presenting potential

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Home facts

  • Year built:1981
  • Listing ID #:L4959798
  • Added:1 day(s) ago
  • Updated:March 05, 2026 at 02:44 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Kitchen Description:Dishwasher, Range, Range Hood, Refrigerator
  • Living area:1,842 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric

Structure and exterior

  • Roof:Shingle
  • Year built:1981
  • Building area:1,842 sq. ft.
  • Lot area:0.25 Acres
  • Construction Materials:Block
  • Exterior Features:Fence
  • Foundation Description:Slab
  • Levels:1 Story

Schools

  • High school:Lake Gibson High
  • Middle school:Lake Gibson Middle/Junio
  • Elementary school:Padgett Elem

Utilities

  • Water:Public, Water Connected
  • Sewer:Public, Septic Tank

Finances and disclosures

  • Price:$314,900
  • Price per sq. ft.:$161.32
  • Tax amount:$3,710 (2025)

Features and amenities

  • Appliances:Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator
  • Laundry features:Laundry Closet
  • Amenities:BB/HS Internet Available, Cable Available, Phone Available, Thermostat
  • Pool features:Public Pool
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