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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 3/5/2026 |
|---|---|---|---|
| TRACT | LAKE GIBSON VILLAS PH 02 | YEAR BUILT | 1981 |
| COMMUNITY | 33809 - Lakeland / Polk City | COUNTY | Polk |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Padgett Elem |
|---|---|
| Jr. High School | Lake Gibson Middle/Junio |
| High School | Lake Gibson High |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator |
| AREA | 33809 - Lakeland / Polk City |
| CONSTRUCTION | Block |
| EXTERIOR | Private Yard, Storage |
| HEAT | Electric |
| LOT | 0.25 acre(s) |
| LOT DIMENSIONS | 33x165 |
| PARKING | Driveway |
| SEWER | Septic Tank |
| STORIES | 1 |
| SUBDIVISION | LAKE GIBSON VILLAS PH 02 |
| TAXES | 3709.92 |
| UTILITIES | Cable Available, Electricity Connected, Phone Available, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Cat Calvosa, KELLER WILLIAMS REALTY SMART, 863-577-1234
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 3/5/26 9:49 AM PST.
This IDX solution is (c) Diverse Solutions 2026.