Income-producing full duplex in the desirable Lake Gibson area of Lakeland. Located in Lake Gibson Villas Phase 2, this concrete block property was built in 1981 and offers two separate 2-bedroom, 1-bath units totaling 1,842 square feet of living space.
The property has received consistent updates, helping minimize near-term capital expenses. New windows and front doors were installed in April 2024, and a third nail for wind mitigation was added in June 2023. Unit 281 features a renovated kitchen with updated counters (July 2019) and new LVP flooring in the bathroom (January 2024). Unit 283 includes a newer dishwasher (July 2019) and a replaced AC unit (August 2020). One AC system has been updated; the other remains original.
Both sides are currently occupied by long-term tenants with rental income of $1,265 and $1,285 per month. Current rents are slightly below the area average of approximately $1,250–$1,350 for comparable 2-bedroom units (buyer to verify), presenting potential upside.
Situated on a 0.25-acre lot in unincorporated Polk County, the property is conveniently located near Lake Gibson, shopping, dining, and major commuter routes. Ideal for investors seeking steady cash flow or buyers looking to house hack while offsetting their mortgage. Solid block construction, practical improvements, and a proven rental layout make this a strong addition to any portfolio.
Property Features
Utilities
Cable Available
Electricity Connected
Phone Available
Water Connected
Cooling Information
Central Air
Heating Information
Electric
Water Features
Public
Parking
Driveway
School Information
School Information for 281 & 283 LEELON ROAD, LAKELAND, FL 33809
Elementary School
Padgett Elem
Middle School
Lake Gibson Middle/Junio
High School
Lake Gibson High
Listing Courtesy: KELLER WILLIAMS REALTY SMART - 863-577-1234