Back to Search
1005 S New York Ave
For Sale $1,375,000 ($189.89 per Sq Ft)
$1,375,000 ($189.89 per Sq Ft)
- Units
- 7,241 Sq Ft
- 19,267 Sq Ft
- Unknown Cap Rate
Description
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.
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 | $1,375,000 |
| Property Type | Other |
| Usable Sqft | 7,241 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1977 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 232824122500001011 |
| MLS # | L4959665 |
| Property ID | 317999931 |
| Lot Sqft | 19,267 |
| Zoning | RA-4 |
| Days on Market | 13 |
| Original List Price | $1,375,000 |
| Applicances | Refrigerator% |
| Date Updated | February 26, 2026 |
| Date Created | February 26, 2026 |
| Land Value Unit Type | SF |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Carla Morey an agent of LAKELAND HOMES AND REALTY, LLC.
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of February 26, 2026 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.
Contact Agent
Schedule Appointment
Showing Agent
Loading agent...
- 30 mins
- America/Phoenix
Sun
Mon
Tue
Wed
Thu
Fri
Sat
Robert Crawford
REAL ESTATE AGENT