$699,900 for Sale
1014 s tennessee avenue , lakeland, FL 33803
| Beds 5 | Baths 3 | 2,019 Sqft | 0.16 Acres |
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Property Description
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.
General Information
Sale Price: $699,900
Price/SqFt: $347
Status: Active
MLS#: L4955366
City: lakeland
Post Office: lakeland
County: Polk
Subdivision: futch & rogers sub
Acres: 0.16
Bedrooms:5
Bathrooms:3
House Size: 2,019 sq.ft.
Acreage: 0.16 est.
Year Built: 1920
Property Type: Triplex
Style:
Features & Room Sizes
Paved Road: Paved
Garage: No
Construction: Wood Frame (FSC Certified)
Exterior Misc: Lighting, Sidewalk
Fireplaces: Yes
Fireplace Description: Decorative
Basement: No
Foundation : Crawlspace
Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Cooling: Central Air, Wall/Window Unit(s)
Heating: Central, Wall Units / Window Unit
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $5,690
Legal Description: FUTCH & ROGERS SUB PB 2 PG 118 BLK A LOT 10 S1/2
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is 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. Listing By: Heather Padgett of EXP REALTY LLC, Phone: 888-883-8509
