tomo logo

$299,000

Beds
4
Baths
4.0
sq ft
1,472

1111 Gilmore Ave, Lakeland, FL 33805

1111 Gilmore Ave

LAKELAND, FL 33805

  • 46 days on market
    • Price drop $26,000↓
A prime investment property that combines modern comfort, convenience, and strong income potential with 2 mother-in-law units with private entrance. This fully renovated 4-bedroom, 4-bathroom home is situated in an ideal Lakeland location, close to hospitals, grocery stores, and Downtown Lakeland, making it a highly attractive option for tenants and investors alike. The property is move-in ready with tenants already in place, offering a seamless transition to ownership and immediate income generation. Recent upgrades, including a new roof, air conditioning system, and water heater (all installed in 2023), provide peace of mind with energy efficiency and modern comfort. Brand-new appliances complete the package, making this home truly turnkey. Beyond its prime location in Lakeland, the property offers convenient access to Legoland, Tampa, and nearby colleges, further enhancing its appeal as a rental investment. Residents enjoy proximity to essential amenities, schools, parks, and major transportation routes. This well-maintained, upgraded property in a sought-after area represents a rare opportunity for investors. With a motivated seller, now is the time to schedule a viewing and discover the charm, functionality, and income potential. Don’t miss out on this exceptional opportunity to step into a profitable rental venture!

Details

Property type

Single Family Residence

Est. home value

$165,714

Lot size

4,874 sq ft

Price per sq ft

$204

Year built

1943

Annual property taxes

$687.35

HOA

No

Price History

11/09/2024
StellarMLS

StellarMLS #S5115288

Listed
$299,000
10/30/2024
StellarMLS

StellarMLS #O6205885

Removed
$299,000
09/27/2024
StellarMLS

StellarMLS #O6205885

Price change
$299,000
-8%

Schools & Community

Neighborhood: 

John Cox

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Roi Funding Llc

Loan start date

July 2023

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

6.39%

Loan type

Balloon, 1 year

Seller

Unidecor Florida Renovation Llc

Lender

Heart L Ranch Nebraska Llc

Loan start date

April 2023

Original loan amount

$90,000

Est. remaining balance

Not provided

Interest rate

6.5%

Loan type

Commercial, 1 year

Seller

Unidecor Florida Renovation Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Price drop
StellarMLS
$299,500
4 bd
|
2 ba
|
1,389 sq ft
|
House

623 W Shady Ln, Lakeland, FL 33803

StellarMLS
$279,995
4 bd
|
1 ba
|
1,854 sq ft
|
House

1721 Bellgrove St, Lakeland, FL 33805

StellarMLS
$275,000
4 bd
|
2 ba
|
1,176 sq ft
|
House

616 W Crawford St, Lakeland, FL 33805

Status: Active

Tomo last checked: 12/24/2024 at 8:30 PM

Listing updated: 11/10/2024 at 6:51 AM

Listed by: Lorena Cabal Ospina, AGENT TRUST REALTY CORPORATION Phone #: (407) 251-0669

MLS: StellarMLS #S5115288

StellarMLS logo

Recently listed in LAKELAND

$255,000|3 bd|2.5 ba|Townhouse
$399,900|4 bd|3.5 ba|House
$229,900|3 bd|2.0 ba|House
$465,000|3 bd|2.0 ba|House
$225,000|3 bd|1.5 ba|House
$335,400|5 bd|2.5 ba|House
$465,000|3 bd|2.5 ba|House
$305,490|4 bd|2.5 ba|House