Nicole Michaels
REALTOR®
BEDS8
BATHS
SQUARE FEET3,364
MLS#O6399970
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONGOLCONDA
Property Description
Quadruplex investment opportunity at 1201 Buddwood Rd in Lakeland offering approximately 3,364 square feet of total living area across four units on a 16,679 square foot lot (0.38 acres). Built in 1976 and updated in 2021, the property features a functional layout with three of the four units currently occupied, providing immediate income with additional upside potential. Each unit offers a practical floor plan with private entrances, natural light, and efficient living spaces designed for tenant use. The configuration supports consistent occupancy and straightforward management, making it suitable for both experienced and entry level investors. Opportunity exists to increase revenue through lease adjustments, interior improvements, or stabilization of the remaining unit. The property is located in an established Lakeland area with convenient access to Highway 98 and surrounding roadways, providing connectivity to employment centers, shopping, dining, and everyday services. The location supports steady rental demand and long term tenant retention. This asset presents a strong foundation for cash flow with value add potential. Suitable for investors seeking to expand a portfolio or acquire a multi unit property with in place income, operational stability, and future growth opportunity. Note: This cannot be a child-care facility.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.38 Acres
Roof Type: Shingle
Taxes: $3,777
Year Built: 1976
Amenities
Eat-in Kitchen
Other
Feature Descriptions
Annual Net Income: 79000.00
Directions: From Highway 98, turn onto Lake Parker Avenue. Continue to Parker Street East and turn right, then take an immediate left onto Golconda Road. Follow to Fortner Road and turn left, then make a right onto Buddwood Drive. The duplexes are located on the curv
Exterior: Block, Brick
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.38
Ownership: Fee Simple
Parking: Parking Pad
Parking Notes: Parking Pad
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Sentri Lock Box
Special Sale Provisions: None
Utilities: Cable Available, Electricity Connected, Public
Water: Public
Water Access Y/N: No
Zoning: RB-1
Listed By / Shown By
Listed By
Agency Name: LPT REALTY, LLC
Agency Contact: 877-366-2213
Shown By
Agent Name: Nicole Michaels
Agent Phone: (813) 324-2440
Agency Title: Florida Executive Realty
Estimate Your Payment
Estimated Payment
$ 1,699.23 per month $1,224.06 Principal & Interest $314.75 Property Tax $160.42 Homeowner's InsuranceChange Payment Information
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1201 Buddwood Road | MLS# O6399970
This multi-family property located at 1201 Buddwood Road, Lakeland, FL 33801 is currently listed for sale with an asking price of $550,000. Search Lakeland real estate on nmichaels.floridaexecutiverealty.com today.