$540,000
$550,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,364 SqFt
SOLD DATE : 05/12/2026
Key Details
Sold Price $540,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,364 sqft
Price per Sqft $160
Subdivision Golconda
MLS Listing ID O6399970
Sold Date 05/12/26
Bedrooms 8
Construction Status Completed
HOA Y/N No
Year Built 1976
Annual Tax Amount $3,777
Lot Size 0.380 Acres
Acres 0.38
Lot Dimensions 65x130
Property Sub-Type Quadruplex
Source Stellar MLS
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.
Location
State FL
County Polk
Community Golconda
Area 33801 - Lakeland
Zoning RB-1
Interior
Interior Features Eat-in Kitchen
Heating Central, Electric
Cooling Central Air
Fireplace false
Laundry Inside
Exterior
Exterior Feature Other
Parking Features Parking Pad
Utilities Available Cable Available, Electricity Connected, Public
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Brick
New Construction false
Construction Status Completed
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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Bought with Mary Lannin PREMIER SOTHEBYS INTL REALTY
NEARBY SCHOOLS & BUSINESSES

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