1310 N COMBEE RD Lakeland FL 33801-2992

The Apartment Brokers proudly present Combee Apartments, 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 yield and scalability in one of Florida’s fastest-growing markets.

*DISCLAIMER: TWO UNITS ARE NON-CONFORMING*

• Strong Employment Base nearby, including Amazon, Publix, GEICO, and Lakeland Regional Health

• Stabilized 8-Unit Asset: Fully leased and producing in-place income with long-term tenant stability.

• Diverse Unit Mix: Includes 3 one-bedroom/one-bath units, 4 two-bedroom/one-bath units, and 1 two-bedroom/two-bath single-family home.

• Large 2.2-Acre Parcel: Offers low-density living and potential future development or expansion opportunities.

• Durable Construction: Built in 1950 with block walls, slab foundations, and pitched shingle roofs.

• Tenant-Paid Utilities: Electric and water are separately metered and paid by tenants, reducing landlord operating costs.

• Low Overhead: Landlord only responsible for sewer (septic) and trash services.

• Value-Add Opportunity: Below-market rents present immediate upside through lease adjustments.

• Excellent Location: Close proximity to downtown Lakeland, I-4, and major employers in a high-demand Central Florida rental corridor.