510 Silver St, Lakeland, FL 33805 is For Sale

510 Silver St, Lakeland, FL 33805

1 bed, 1 bath, 2,160 sqft
Pending
$85,000
Price cut: -$40,000 (8/22)
Zestimate®: $122,021
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DRASTIC PRICE REDUCTION and back on market. 5 units with huge income potential of $2,200 - $2,500 per month! With some work, these units will provide great cash flow. Full renovation needed on the studio units. The house is nearly rent ready and will be rented with expected rent rate of $700-$750. Property consists of a 4 unit building with 4 studio apartments and a separate house (1050 MLK) with 2 beds plus den and 1 bath. Sold as-is. Separately metered for electric.
Facts
  • Lot: 7,405 sqft
  • Single Family
  • Built in 1977
  • 308 days on Zillow
Features
  • Parking: Garage - Attached, 1 space, 252 sqft
    Construction
    • Exterior material: Stucco
    • Roof type: Shake Shingle
    • # Stories: 1.0
    • Structure type: Other
    Other
    • Floor size: 2,160 sqft
    • Last remodel year: 1925
    • Lot depth: 145
    • Lot width: 50
    • Parcel #: 232812056500001011
    • Zillow Home ID: 81486712
    Home Values
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    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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    $122,021
    +$16,192 Last 30 daysd
    $115K
    $134K
    Zestimate range
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    A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $1,092/mo
    +$10 Last 30 daysd
    $808
    $1.3K
    Zestimate range
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    Neighborhood for 510 Silver Street

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    Zillow predicts Paul A. Diggs home values will rise 2.2% next year, compared to a 3.3% rise for Lakeland as a whole. Among Paul A. Diggs homes, this home is 90.6% more expensive than the midpoint (median) home, but is priced 11.4% less per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In Paul A. Diggs, the number of foreclosures waiting to be sold is 42.8% less than in Lakeland, and 26.6% greater than the national average. This lower local number could help Paul A. Diggs home values rise more quickly than other regions in Lakeland.

    Learn more about forecast calculations or Paul A. Diggs home values.
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      NMLS #343460
      (704) 464-4445
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