Active

$699,900

Features:
  • 5 Bedrooms
  • 3 Bathrooms
  • 2019 sq ft
Overview
  • ID: MFRL4955366
  • Bedrooms: 5
  • Bathrooms: 3
  • Size: 2019 sq ft
Property Details
Remarks
Prime Location– TURNKEY MULTI-UNIT Investment Property! (All 3 units are currently listed on AIR B&B & VRBO.) Minutes from downtown Lakeland, this historic gem offers walking-distance access to award-winning restaurants, shopping, weekend markets, entertainment, and more. Just a short 5-minute stroll to Lake Hollingsworth and Lake Morton, this property combines charm, convenience, and strong income potential. Main Bungalow (Front Blue House) – Updated 2BR/1BA that's been fully remodeled, NEW metal roof (2024), and NEW AC (2023), entire outside of home & back unit have been repainted. Move-in ready and beautifully maintained. Detached Two Story back units– Downstairs Unit (2BR/1BA): Brand new tile flooring, remodeled bathroom, and an updated kitchen. New A/C window units. Upstairs Unit (1BR/1BA): Fully remodeled in 2025 with brand new kitchen cabinets & appliances, with all-new finishes & modern upgrades. 3 rental units that produce amazing income returns for an investor. All units are currently operating as successful short-term rentals (Airbnb & VRBO). Seller can provide full rental history and income documentation. YTD income already exceeds $41,000 with additional upside as the upstairs unit has only recently come online after its remodel in April. These properties come FULLY FURNISHED & TURNKEY READY! Flexible use: Live in one unit and rent the others, or keep as a high-performing investment property. This is a rare opportunity to own a fully updated multi-unit property in the heart of Lakeland with immediate income and long-term growth potential.
Financial Considerations
Price:
$699,900
HOA Fee:
N/A
Tax Amount:
$5690
Price per SqFt:
$346.66
Tax Legal Description:
FUTCH & ROGERS SUB PB 2 PG 118 BLK A LOT 10 S1/2
Exterior Features
Lot Size:
6752
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Driveway, Guest, Parking Pad
Roof:
Metal, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
3
Heating:
Central, Ductless
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Luxury Vinyl, Tile
Levels:
Two
Additional Features
Property Sub Type:
Triplex
Style:
N/A
Year Built:
1920
Construction Type:
Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Lighting, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    1014 S TENNESSEE AVE
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