The Bungalows on South Johnson

The Bungalows on South Johnson is a 9-unit, 2-property portfolio located in the most exclusive submarket of Lakeland, Florida in Polk County. The properties sit on contiguous parcels totaling 0.46-acres only a short walk from lakes, parks, employers, restaurants, and academic institutions. Each building consists of wood frame construction with all structures having been built in the 1920’s. The Bungalows on South Johnson consists of 1 studio, 3 one-bedroom/one-bathroom, 4 twobedroom/one-bathroom, and 1 two-bedroom/two-bathroom units averaging 475 square feet, 490 square feet, 942 square feet, and 1,633 square feet respectively. Each building is unique with tremendous curb-appeal, recent renovations, historic charm and irreplaceable location.

Residents enjoy the proximity to major roadways, an abundance of jobs and demand drivers giving them easy access to all the great things Lakeland and central Florida have to offer. Publix has their corporate headquarters in Lakeland, Florida, and many other major companies that have a large presence in “Swan City” include: Lakeland Regional Health, GEICO, City of Lakeland, Watson Clinic, FedEx, UPS, Walmart, Southeastern University and Amazon. Polk County is one of the top distribution hubs in the country and one of only a handful of markets in the U.S. within 3-hours’ drive to more than 20 million people which has led to an abundance of new jobs infiltrating the local market. Lakeland boasts a 98% occupancy rate, has a predicted 12.1% average income growth and 6.1% population between 2021-2026.