Combee Apartments, is a stabilized *8-unit multifamily property located at 1310 N Combee Rd in Lakeland, Florida. Set on a large 2.2-acre parcel, this five-building complex combines long-term income stability with future development potential in the heart of Central Florida’s high-demand Polk County submarket.
Built in 1950, the property includes a diverse unit mix of three 1-bedroom/1-bath units, four 2-bedroom/1-bath units, and one 2-bedroom/2-bath single-family home, totaling 6,331 square feet. All units are equipped with mini-split AC systems and feature block construction, slab foundations, and pitched shingle roofs. The layout allows for low-density living, ample tenant parking, and future flexibility.
Electricity and water are separately metered and paid by tenants, while the landlord covers sewer (septic) and trash services. The property is currently leased with below-market rents, offering immediate value-add potential through lease adjustments.
Strategically located near major employers, retail, and transportation corridors, Combee Apartments provides convenient access to downtown Lakeland and nearby I-4, making it an ideal choice for workforce housing. With solid bones, stable cash flow, and room for growth, this property represents a compelling opportunity for investors seeking scalability in one of Florida’s fastest-growing markets.
*DISCLAIMER: TWO UNITS ARE NON-CONFORMING*
lease term
12 months6,331 Sq Ft
2.2 Private Acres Lot Size
Investment
$4,734 Annual Tax
Built in 1931
MLS/Listing ID TB8419297
8 Units
Shingle
Construction - Concrete
Cooling - Wall/window unit(s)
Sidewalk
Slab

Source of Data: STELLAR MLS
TOTAL MONTHLY COST
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