Henry Lemons
Property Description
Investor opportunity in Lakeland with tenant already in place and producing immediate cash flow.This 3-bedroom, 1-bath home features a spacious open floor plan, large fenced backyard, solid subfloors, and a strong foundation. Roof was replaced approximately 2 years ago, and the HVAC system is under 10 years old and operating properly.Property is currently tenant occupied with lease in place through October 2026 and tenant paying market rent - offering investors stable income from day one.Priced well below comparable renovated properties, this is a great opportunity for a buy-and-hold investor looking to add to their rental portfolio. Property is being sold as-is, with strong upside potential and major systems already addressed.
Property Features
Property Type: Residential - Single Family
Cooling: Central Air
Heating: Central, Electric
Lot Size: 0.18 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $1,147
Year Built: 1958
Square Feet: 920
Amenities
Ceiling Fans(s)
None
Feature Descriptions
Appliances: Range, Refrigerator
Days on Site: 2
Directions: From I-4, take Exit 28 toward Lakeland / US-92. Head east on US-92 (Memorial Blvd) toward Lakeland, then turn left onto North Ruth Avenue. Property will be on the right at 1031 N Ruth Ave, Lakeland, FL 33815.
Exterior: Frame, Wood Siding
Flood Zone Code: X
Flooring: Carpet, Tile
Foundation: Crawlspace
Home Warranty Y/N: No
Listing Terms: Cash
Lot Dimensions: 0.18
Other Equipment: None
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: See Remarks
Special Sale Provisions: None
Utilities: Cable Connected, Electricity Connected
Water: Public
Water Access Y/N: No
Zoning: RB-1
Listed By / Shown By
Listed By
Agency Name: BHHS FLORIDA PROPERTIES GROUP
Agency Contact: 863-701-2350
Shown By
Agent Name: Henry Lemons
Agent Phone: (352) 348-0452 Cell
Agency Title: Watson Realty Corp., REALTORS ®
Estimate Your Payment
Estimated Payment
$ 830.60 per month $694.21 Principal & Interest $95.58 Property Tax $40.80 Homeowner's InsuranceChange Payment Information
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1013 N Ruth Avenue | MLS# L4961953
This single family home located at 1013 N Ruth Avenue , Lakeland, FL 33805 is currently listed for sale with an asking price of $139,900. This property was built in 1958 and has 3 bedrooms and 1 full baths with 920 sq. ft. N Ruth Avenue is located in the WESWEGO subdivision. Search WESWEGO real estate on henrylemons.watsonrealtycorp.com today.