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$499,000

2929 NINE IRON DRIVE, LAKELAND, FL 33801

Active0 days on market

Beds

Baths

Sq Ft

3,400 sq ft

Year Built

1983

Lot Size

0.35 acres

Garage

—

About This Property

Don't miss this exceptional investment opportunity featuring two duplexes on one lot, offering four income-producing units with immediate cash flow. Located at 2929 Nine Iron Drive and 2934 Eight Iron Drive, all four units are currently occupied with 12-month leases in place, providing stable rental income from day one. Each duplex features 2 bedrooms, and 1 full bathroom and a washer/dryer hookups for added convenience. Both roofs were replaced in 2019. This property is centrally located in Lakeland, offering convenient access to shopping, dining, major roadways, schools, and everyday amenities, making it an attractive location for tenants and helping support long-term rental demand. Whether you're looking to expand your investment portfolio or secure a multifamily asset, opportunities like this are hard to find. With four occupied units, strong income potential, and a central location, this is an investment you won't want to miss.

Property Overview

Property TypeResidential Income

Sub TypeDuplex

MLS #L4963478

StatusActive

Year Built1983

ConstructionConcrete

RoofShingle

FoundationSlab

SubdivisionNOT IN A SUBDIVISION

CountyPolk

OwnershipFee Simple

Interior Features

InteriorPrimary Bedroom Main Floor, Thermostat

LaundryElectric Dryer Hookup, Laundry Closet, Washer Hookup

CoolingCentral Air

HeatingCentral

Exterior & Lot

ExteriorLighting

Lot Size0.35 acres (15,355 sq ft)

Lot Dimensions78 x 180

Road SurfaceDirt, Gravel

Utilities

WaterPublic

SewerPublic Sewer

UtilitiesElectricity Connected, Public, Sewer Connected, Water Connected

Parking

GarageNo

HOA & Community

HOANo

Senior CommunityNo

Financial Details

List Price$499,000

Annual Taxes$5,442 (2025)

FinancingCash, Conventional, FHA

ZoningPUD

Parcel #242822000000042098

Directions

From Polk Pkwy, head N on US-98. Turn right onto S Combee Rd. Turn right onto Skyview Dr. Turn left onto Five Iron Dr. Turn right onto Eight Iron Drive. Property will be on your left.

Location

2929 NINE IRON DRIVE, LAKELAND, FL 33801

Listing Information

OfficeALL COUNTY POLK PROPERTY MANAG

ListedJuly 13, 2026

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Home Price

$499,000

Down Payment20% ($99,800)

Interest Rate6.75%

Loan Term

Principal & Interest$2,589

Property Tax (est.)$457

Insurance (est.)$150

Total Monthly$3,197

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How to Buy This Home

Multiple financing options available for this $499,000 home in LAKELAND.

🏛️

FHA Loan

$17,465 Down

Government-backed, low down payment. Credit scores as low as 580.

🏦

Conventional

$24,950 Down

Traditional financing. As low as 3-5% down with good credit.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Polk County SHIP

Varies

Income-qualifying Polk residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

Full Calculator →First-Time Buyer Guide →VA Loan Guide →

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: July 13, 2026.