704 W Alamo Dr., Lakeland, FL 33813

Rare South Lakeland duplex with separate utilities and strong income potential. This vacant, cash-flow-ready multifamily property offers exceptional flexibility for investors or owner-occupants to select tenants and set market rents immediately. Both units feature private entrances and updated interiors, making this an ideal house-hack opportunity or a strong addition to a long-term rental portfolio. With both units currently vacant, buyers have full control over tenant selection and lease structure from day one. A major value highlight is the property’s solid cinder block construction paired with a durable metal roof, providing long-term structural integrity, reduced maintenance risk, and lower replacement costs compared to traditional construction. Additionally, one unit is equipped with a newer air-conditioning system, further reducing near-term capital expenses and enhancing reliability for future tenants. Additional features include an enclosed garage, covered carport, off-street parking, and a large yard with workshop or outbuilding potential. The garage and carport provide flexible use for parking, storage, or potential separate rental, subject to buyer verification and local regulations, offering an opportunity for supplemental income. No HOA. Flood Zone X. Located in South Lakeland near the Lake Miriam area, this property is minutes from Publix, Lakeside Village, shopping, and dining, with easy access to the Polk Parkway and major roadways — a highly desirable location for both tenants and owner-occupants. Ideal for long-term rentals, owner-occupants, or investors seeking stable cash flow with future upside. Duplex properties offering this level of construction quality, infrastructure, flexibility, and parking are increasingly rare in today’s market. Buyer incentive available: Receive a lender credit toward closing costs (not to exceed $5,590) when using preferred lender Monica Bishop with Benchmark Mortgage. Terms apply. Ask agent for details. ---