518 North Ohio Avenue

Lakeland, FL 33815

$439,995
Price
—
Beds
3,763 Sq. Ft.
$117 / Sq. Ft.
3,763
Sq. Ft.
$117
per Sq. Ft.

Description

Seller is paying $15,000 towards closing costs, pre-paids, and or rate buy-downs with full price offer! This 3,763 square feet 10-bedroom 3 bathroom renovated home (new flooring, new water heaters, new electrical breakers, new bathroom cabinets, new doors, new paint, etc.) has 4,768 square feet under roof and is ideal for an investor or a home owner. It is a duplex with two separate addresses, two mailboxes, separate parking for both units, and is in a quiet neighborhood with no HOA. The home has...Seller is paying $15,000 towards closing costs, pre-paids, and or rate buy-downs with full price offer! This 3,763 square feet 10-bedroom 3 bathroom renovated home (new flooring, new water heaters, new electrical breakers, new bathroom cabinets, new doors, new paint, etc.) has 4,768 square feet under roof and is ideal for an investor or a home owner. It is a duplex with two separate addresses, two mailboxes, separate parking for both units, and is in a quiet neighborhood with no HOA. The home has a good rental income. Please do not disturb the tenants. Showing can be arranged. As an investor, you can earn $55,796 in gross annual rental income. The 518 N Ohio Ave. unit has 6 bedrooms and 2 bathrooms, has high ceilings and an open floor plan. The first floor has a large kitchen, extra-large living room, dining room, 2 large bedrooms, 1 bathroom, 2 open porches, and plenty of closets. The second floor has three large and one medium bedroom with 1-bathroom, large walk-in closet and attic for storage. This unit is ideal for an owner to live in and rent the other unit to pay off the mortgage. The 704 W Magnolia St. unit has a separate entrance and separate parking and mailbox and has 4 bedrooms, one bathroom, kitchen, living room, hallway, and porch.
  1. Listed by Danny Dhannu • ELITE INVESTORS REALTY LLC

Property Details for 518 North Ohio Avenue

Subdivision Name
BOWYERS SUB
Township
28
Waterfront
No
LISTING UPDATED: 12/05/2024 01:06 PM

Property Details for 518 North Ohio Avenue

StatusActive
MLS #O6241812
Days on Market92
Taxes$4,338 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1923
Lot Size0.21 AC / 9,200 SF
CountyPolk County

Building Information for 518 North Ohio Avenue

Stories-Residences2Year Built1923Building Size-Lot Size0.21 AC / 9,200 SF

Property Information for 518 North Ohio Avenue

Summary
Location and General Information
  • Building Area Source: Appraiser
  • Building Area Total: 4788.0
  • Building Area Units: Square Feet
  • Directions: From Kathleen road, take a left on pear and a right on Ohio. It's on the corner of Ohio and Magnolia.
  • Mls Major Change Type: Price Decrease
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 518
  • Street Direction Prefix: N
  • Street Name: OHIO AVE
  • State: FL
  • City: LAKELAND
Parking
  • Available For Lease: Yes
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association Approval Required: No
  • Association: No
  • CDD: No
  • Tax Block: 010
  • Tax Book Number: 3-19
  • Tax Legal Description: BOWYERS SUB PB 3 PG 19 BLK J LOTS 1 N 80 FT & N 80 FT OF 2
  • Tax Lot: 011
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 23-28-13-067500-010011
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: RA-4
  • Living Area: 3763
Property and Assessments
  • Year Built Numeric: 1923
  • Flood Zone Code: X
  • Homestead: No
  • New Construction: No
  • Public Survey Range: 13
  • Public Survey Section: 23
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stucco, Wood Frame
  • Exterior Features: Sidewalk
  • Foundation Details: Crawlspace
  • Levels: Two
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Metal, Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 0
  • Appliances: Dishwasher, Disposal, Range, Refrigerator
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile
  • Heating: Central
  • Interior Features: Ceiling Fans(s), Walk-In Closet(s)
  • Laundry Features: Inside
  • Living Area Source: Appraiser
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Expenses: $10,240
  • Annual Net Income: $45,556.00
  • Gross Income: $55,796
  • Unit Count: 2
Unit 1
  • Unit Type Baths Total 1: 2
  • Unit Type Beds Total 1: 6
  • Unit Type Description 1: 1/2 Duplex
  • Unit Type Pro Forma 1: 2750
  • Unit Type Type 1: Apartments
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 4
  • Unit Type Description 2: 1/2 Duplex
  • Unit Type Pro Forma 2: 1650
  • Unit Type Type 2: Apartments
Rental
Rental Information
  • Minimum Lease Period: 0

Property History for 518 North Ohio Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 518 North Ohio Avenue

Taxable ValueLand-Additions-Total-
Tax Record2024$3,390 ($283 / month)
Home Facts
Total Finished SqFt3,731 SqFtAbove Grade Finished SqFt3,731 SqFtStories2Lot Size9,200 SqFtStyleMulti-Family Dwelling (2-4)Year Built1923Year Renovated1991CountyPOLKAPN232813067500010011

Schools near 518 North Ohio Avenue

This home is within Polk.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 8
Rating
School
Distance
Winston Academy of Engineering
PublicPK to 5

Combee Academy of Design and Engineering
PublicPK to 5

Valleyview Elementary School
PublicPK to 5

Rosabelle W. Blake Academy
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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518 North Ohio Avenue is a multi-family home for sale in Lakeland, FL 33815. This property was listed for sale on September 15, 2024 by ELITE INVESTORS REALTY LLC, it's currently listed at $439,995. It has been on the market for a total of 92 days and was last sold on October 1, 2021. This listing's school district is Polk. Nearby schools include Winston Academy of Engineering, Combee Academy of Design and Engineering and Valleyview Elementary School. 518 North Ohio Avenue is a 0-bed, 0-bath, 3,763 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ELITE INVESTORS REALTY LLC, Danny Dhannu

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 12/05/2024 01:06 PM