• $599,000List Price
  • PendingStatus
  • 30Number of Photos
  • 28.030597Latitude
  • 1016 Mississippi AvenueAddress
  • Mississippi AvenueStreet
  • 101,102 & 103Unit Number
  • LakelandTown
  • FLState
  • 33803Zip
  • PolkCounty
  • ResidentialProperty Type
  • L4959775MLS Number
  • 5Bedrooms
  • 3Full Bath
  • 2,454Square Feet
  • 1947Year Built
  • 0.17Acreage

Listing Tools

Under contract-accepting backup offers. Exceptional investment opportunity featuring three rental units (101, 102 and 103) across two separate buildings. The unit mix includes a 1-bedroom/1-bath, and two 2-bedroom/1-bath units, offering strong rental flexibility and broad tenant appeal. One building is configured in a duplex-style layout, while the second building features a private second-floor 1/1 unit, creating separation and privacy across the property. Ideally located near shops, scenic lakes, colleges, and parks, this property consistently attracts tenants seeking both convenience and lifestyle amenities. Recent capital improvements provide peace of mind, including a brand-new roof, new air conditioning system, and complete electrical rewiring. The buildings were completely renovated and remodeled in 2020. The property is currently tenant-occupied on month-to-month leases, delivering immediate income while allowing flexibility for future adjustments. An added bonus: the sale includes the existing property website; professionally designed to showcase and advertise the property-offering a turnkey marketing advantage for continued rental success. A well-maintained, income-producing property with solid upgrades and built-in marketing-an outstanding opportunity for investors or owner-occupants alike. Accessible unit will not be ready until the 15th of March.

Location

Listings courtesy of StellarMLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 15, 2026 11:41 AM EDT. 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. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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