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214 N Chestnut Rd
For Sale $695,000 ($233.61 per Sq Ft)
$695,000 ($233.61 per Sq Ft)
- Units
- 2,975 Sq Ft
- 8,756 Sq Ft
- Unknown Cap Rate
Description
Investor’s Dream in the Heart of Lakeland!
This fully leased 6-unit residential building is an instant money maker! Each unit features its own electric meter and dedicated central A/C, providing tenants with independence and helping minimize operating expenses for the owner. Located on city utilities with a private septic system, this setup offers both convenience and cost-efficiency—ideal for any savvy investor. Roughly 496 Sq ft Under Air in each unit.
Perfectly positioned near Lakeland’s top destinations, tenants enjoy easy access to Lake Mirror and the Frances Langford Promenade, Hollis Garden, Lake Morton, and Bonnet Springs Park. Just minutes away are Circle B Bar Reserve, Polk Theatre, Frank Lloyd Wright’s iconic architecture at Florida Southern College, and the AGB Museum of Art.
From the Lakeland Escape Room and Family Fun Center to Common Ground Playground, the Downtown Farmers Curb Market, Silver Moon Drive-In, and Safari Wilderness Ranch, this location delivers consistent rental demand.
Don’t miss your chance to own this income-producing gem in one of Central Florida’s most vibrant and growing communities!
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $695,000 |
| Property Type | Other |
| Usable Sqft | 2,975 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1982 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 232815000000024280 |
| MLS # | TB8415495 |
| Property ID | 317970290 |
| Lot Sqft | 8,756 |
| Zoning | PUD |
| Days on Market | 136 |
| Original List Price | $695,000 |
| Date Updated | December 03, 2025 |
| Date Created | August 07, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Mohamed Dembele an agent of .
© 2025 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of December 03, 2025 The 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.
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Robert Crawford
REAL ESTATE AGENT