1014 S Tennessee Ave, Lakeland, Florida 33803

  • $699,900

Overview

Property ID: HZL4955366
  • Triplex, Residential Income
  • Property Type
  • 5
  • Bedrooms
  • 3
  • Bathrooms
  • 2019 Sqft
  • Area Size

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.

  • Address: 1014 S TENNESSEE AVENUE
  • City: Lakeland
  • State/county: FL
  • Zip/Postal Code: 33803
  • Country: US

Details

Updated on September 6, 2025 at 2:05 am
  • Property ID HZL4955366
  • Price $699,900
  • Property Size 2019 Sqft
  • Land Area 0.16 Acres
  • Bedrooms 5
  • Bathrooms 3
  • Year Built 1920
  • Property Type Triplex, Residential Income
  • Property Status Canceled

Additional details

  • Listing Terms Cash, Conventional, FHA, VA Loan
  • Roof Metal, Shingle
  • Utilities Cable Available, Electricity Connected, Public
  • Sewer Public Sewer
  • Cooling Central Air, Wall/Window Unit(s)
  • Heating Central, Ductless
  • Flooring Luxury Vinyl, Tile
  • County Polk
  • Property Type Residential Income
  • Parking Driveway, Guest, Parking Pad

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Jamie Stevens

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