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Located in the heart of Lakeland's highly desirable Dixieland $1,375,000

1005 S NEW YORK AVENUE, Lakeland, FL 33803

0 br, 0.0 ba, 1977 7241 sf
Polk County
Ad #: 7326832

Commercial For Sale near Lake Hunter

Located in the heart of Lakeland's highly desirable Dixieland District, this 9-unit multifamily property presents a strong income-producing opportunity with a proven, stabilized revenue stream. The concrete block building is constructed under one roof and consists of eight two-bedroom, one-bath units and one one-bedroom, one-bath unit. Each residence has been renovated and features durable, low-maintenance flooring throughout, making this a true turnkey investment. The property offers dedicated parking for each unit and an on-site laundry facility that provides added convenience for residents while generating additional income for the owner. Major capital improvements include a roof replacement in 2018 and air conditioning replacements in 7 of the 9 units within the past five years. Each unit is separately metered for electric and has its own hot water heater, while the landlord currently pays for water. With professional management already in place, no HOA restrictions, and strong operational fundamentals, this asset is well-positioned for both seasoned investors and those seeking a reliable 1031 Exchange opportunity in one of Lakeland's most established and charming neighborhoods.

Property Details

  • Beds: 0
  • Baths: 0.0
  • Sq Feet: 7241
  • Year Built: 1977
  • Location: Lake Hunter
  • Acres: 0.440
  • County: Polk County
  • Community: LAKE HUNTER HEIGHTS
  • Heat/AC: Central
  • Siding: Concrete
  • Roof: Shingle
  • Property Taxes: $10,226
  • MLS #: L4959665

Location

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Contact Information:

Contact Agent
Listing Agent: Carla Morey, Lakeland Homes and Realty, LLC, 863-712-0547, 863-248-7260 Listing Site, Listing Status: Active
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ad Statistics:

Lake Commercial For Sale in Lakeland, Florida
Ad Number : 7326832
Viewed: 3 times
Added: Feb 26, 2026
Updated on: Feb 26, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.