Active

$274,999

Features:
  • 4 Bedrooms
  • 2 Bathrooms
  • 1378 sq ft
Overview
  • ID: MFRS5131765
  • Bedrooms: 4
  • Bathrooms: 2
  • Size: 1378 sq ft
Property Details
Remarks
Charming Remodeled Home with Strong Income Potential in Lakeland! Unlock the perfect blend of comfortable living and smart investment at 123 Tarawa St, Lakeland—a beautifully updated 4-bedroom, 2-bathroom property spanning 1,378 square feet of heated living space on a generous 0.18-acre lot in the desirable Lakeview Village subdivision. Priced at $274,999, this home offers an attractive income approach, making it ideal for homeowners seeking passive revenue streams or investors looking to maximize returns. The main residence is a cozy 3-bedroom, 1-bathroom haven with 948 square feet of modern updates, including sleek vinyl plank flooring, central air conditioning and heating, and a functional kitchen equipped with a cooktop, refrigerator, and more. Enjoy the convenience of an in-home laundry with washer and dryer, plus an open layout perfect for everyday living. But the real value lies in the detached Accessory Dwelling Unit (ADU)—a fully independent 1-bedroom, 1-bathroom guest suite with its own kitchen and 320 square feet of space. This versatile ADU opens up excellent passive income opportunities: rent it out long-term for steady monthly cash flow (estimated at $800–$1,200/month based on local market rates), use it for short-term rentals via platforms like Airbnb to capitalize on Lakeland's growing tourism, or even rent both the main house and ADU separately for maximized revenue potential—potentially generating over $3,000 in combined monthly income while covering your mortgage and building equity. Outside, the low-maintenance stucco exterior and shingle roof ensure durability, while the fully fenced yard provides privacy for pets, gardening, or relaxation, complete with a lush garden area and handy storage shed. Park with ease under the covered carport for up to 4 vehicles. With NO HOA FEES restricting your options, you'll have full flexibility to implement your rental strategy. Conveniently located near US-98 and I-4, this property offers quick access to shopping, dining, and entertainment, enhancing its appeal to tenants and owners alike. Offered vacant and as-is, this turnkey opportunity is ready for immediate occupancy or income generation. Don't miss out—schedule a showing today and start building your passive income portfolio!
Financial Considerations
Price:
$274,999
HOA Fee:
N/A
Tax Amount:
$7228
Price per SqFt:
$199.56
Tax Legal Description:
LAKEVIEW VILLAGE PB 34 PG 27 BLK 3 LOT 5
Exterior Features
Lot Size:
7919
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Covered
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
2
Heating:
Central
Cooling:
Central Air
Appliances:
Cooktop, Dryer, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Vinyl
Levels:
Multi/Split
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1951
Construction Type:
Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
North
Pets Allowed:
No
Special Condition:
None
Additional Features:
Garden, Private Mailbox, Storage
Additional Features 2:
N/A
Map
  • Address
    123 TARAWA ST
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