$395,000
2121 San Gully Road
Lakeland, FL 33803
Listing updated: May 27, 2026 at 6:52 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Day on market
Flood zone
About this home
Exceptional investment opportunity — or the perfect way to own your home and have someone else help pay the mortgage! This fully rented duplex in Lakeland, Polk County is generating $3,300/month in gross rental income, delivering strong day one cash flow with room to grow. Each unit features 2 bedrooms and 2 full bathrooms, offering a spacious and desirable floor plan that attracts quality, long term tenants. The fully fenced backyard adds privacy and appeal that keeps vacancy rates low. For the savvy investor, this property delivers an estimated cap rate of approximately 6.5 at the $395,000 asking price — with upside potential as leases renew. For the owner occupant, the opportunity is equally compelling: live in one unit and let the rental income from the other significantly offset your monthly mortgage payment, a true house hack in one of Central Florida's fastest growing rental markets. Whether you're building a portfolio or simply looking for a smarter way to own, this turn key duplex checks every box. Schedule your showing today!
Local Insight
At $194/sqft for a 4-bed duplex with no HOA in a flood zone X area, you're getting solid value relative to Lakeland's median, though you'll want to verify what condition that 1979 structure is actually in—the price-per-square-foot suggests either a good deal or deferred maintenance. Sun Wood Village is a stable residential pocket, but the tight 0.36-acre lot and duplex configuration means limited privacy and potential shared-wall issues, so carefully review the property condition and any shared expense obligations despite the lack of formal HOA fees.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history1 days on market
- Status: ActiveMay 26, 2026
- Listed$395,000May 26, 2026
- Price increased$395,000
Virtual Tour
Facts & features
- Property type
- Residential Income
- Sub type
- Duplex
- Status
- Active
- Days on market
- 1
- Subdivision
- Sun Wood Village
- County
- Polk
- Year built
- 1979
- Living area
- 2,034 sq ft
- Price/sq ft
- $194
- Lot size
- 15,568 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X500 (12105C0313G)
- Annual taxes
- $4,968 (2025)
- Parcel #
- 23-28-25-136650-000070
- Zoning
- PUD
- MLS #
- O6410973
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Interior Details
- Bedrooms
- 4
- Interior features
- Other
- Laundry
- Other
Heating & Cooling
- Heating
- Other
- Cooling
- Central Air
Parking
- Carport
- Yes
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Ownership
- Fee Simple
Exterior & Construction
- Exterior features
- Other
- Construction materials
- Other
- Roof
- Other
- Foundation
- Other
- Road surface
- Other
Utilities
- Sewer
- Other
- Water source
- Public
- Utilities
- Other
Listing Details
- Listing date
- 2026-05-26
- On market date
- 2026-05-26
- Original list price
- $395,000
- Occupant type
- Tenant
- MLS area
- 33803 - Lakeland
- Listing AOR
- Osceola
- Status changed
- 2026-05-26
- Tax legal description
- SUN WOOD VILLAGE PB 68 PG 23 TRACT G
Flood risk
Moderate-risk area (0.2% annual-chance / “500-year” floodplain). Flood insurance is recommended but usually not required.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
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Listings courtesy of Stellar MLS as distributed by MLS GRID
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.
Based on information submitted to the MLS GRID as of May 27, 2026 at 6:52 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA