1125 Olive St
Lakeland, FL 33815
Active
List price
$505,000
Listing courtesy of COLDWELL BANKER REALTY, 727-822-9111 (Samuel Rudolph)
MLS# TB8553595 Status Active
Listing updated November 7, 2026
- Bedrooms
- 6
- Bathrooms
- 4
- Sq ft
- 2,400
- Year built
- 1947
About this home
8.3% CAP RATE IN PLACE, 9.3% ON PRO FORMA: FOUR UPDATED UNITS. This turnkey fourplex delivers day one cash flow with rent upside already built into the numbers. Two separate duplexes sit on a combined 0.40-acre lot (including 3 parcels). Building one is a 1947 duplex with 1,120 sq ft, and building two is a 1954 duplex with 1,280 sq ft. All four units have been updated, so the heavy lifting is done. Current operations produce an 8.3% cap rate, and bringing rents to market per the pro forma pushes returns to a 9.3% cap rate. Add value through rent increases and efficient management, not capital projects. Four doors, two buildings, one lot, and a clear path to higher NOI. Request the rent roll and financials today.
Facts
- Home type
- Quadruplex
- Year built
- 1947
- Lot
- 0.4 acres
- Annual taxes
- $4,641
- Subdivision
- Lake Beulah Heights Div 02
- County
- Polk
Virtual tour
Location
Map: OpenFreeMap, © OpenMapTiles, © OpenStreetMap contributors
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