216 W BELMAR STREET , Lakeland, FL 33803

Property Description

Update 3/29/26 ($15,100 per drop PLUS seller is now including a New Roof prior to Closing. Also, Seller will now consider Conventional Finance offers. PROBATE SALE! Location, location, location! This Dixieland Historic Duplex is about 4 Blocks from Lake Hollingsworth and steps to Dixieland, Nightlife, Restaurants, and Shopping. Downtown Lakeland and Bonnet Springs Park are just minutes away. The Estate has had an Appraisal, Home inspection, and 4 Point done and are available for your review. Ask your Realtor. The property is listed BELOW the recent appraisal price. From the Appraisal: No functional or external obsolescence noted. Subject has received adequate maintenance, the subject is in average/good condition, upgrades include, unit 218 full kitchen was updated in 2024, unit 216 AC was updated in 2025. The home inspection noted that the roof is at end of life and has two layers of shingles. Seller is now including a New Roof to be installed before closing. Unit 216 is now vacant and available for showings. 218 is Tenant occupied and may viewed during the inspection period with an accepted offer. Unit 218 is currently paying $1,000/mo and the lease ends June 30, 2026 however the tenant is interested in staying even with a rent increase. Each unit has a driveway in front for 2 vehicles. Both units have indoor Washer/Dryer Hookups. There is a rear alley that provides access to additional guest parking. This is a rare opportunity to bring your vision to this multifamily property in an amazing prime location. Check with the City of Lakeland to see if you could add a garage with apartment above for extra income in the rear. FOR OFFERS - Please submit highest and best with the following terms: Seller is only considering Cash, Hard Money, or Conventional Finance Offers. Please allow 2-3 Days for Response. Do your due diligence before submitting offer. No sight unseen offers. 7-day inspection maximum. Please provide a preapproval letter for finance offers, verifiable POF for cash offers, or Letter of Credit if Hard Money. Minimum 2% Escrow Deposit for Conventional Finance offers and 5% Escrow Deposit for Cash or Hard Money Offers. Escrow Deposit is due within 48 hours of acceptance. Escrow deposits are nonrefundable after inspection period for Cash and Hard Money offers. No Hard Money finance contingencies. 30 days or sooner for closing. Proof of funds subject to verification. Please review the appraisal and home inspection before making your offer. Seller is realistic about the condition of the property. Seller has limited information on the condition of the property and has never occupied it. NO SELLER FINANCING OR ASSIGNABLE CONTRACTS. All information provided in this listing and dimensions are believed to be correct. Buyer or Buyer's Agent to verify. Sold As-Is

Property Features