1014 S Tennessee Ave, Lakeland, Florida 33803
- $699,900
1014 S Tennessee Ave, Lakeland, Florida 33803
- $699,900
Overview
- Triplex, Residential Income
- 5
- 3
- 2019 Sqft
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
Open on Google Maps-
Address: 1014 S TENNESSEE AVENUE
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City: Lakeland
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State/county: FL
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Zip/Postal Code: 33803
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Country: US
Details
Updated on September 6, 2025 at 2:05 am-
Property ID HZL4955366
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Price $699,900
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Property Size 2019 Sqft
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Land Area 0.16 Acres
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Bedrooms 5
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Bathrooms 3
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Year Built 1920
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Property Type Triplex, Residential Income
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Property Status Canceled
Additional details
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Listing Terms Cash, Conventional, FHA, VA Loan
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Roof Metal, Shingle
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Utilities Cable Available, Electricity Connected, Public
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Sewer Public Sewer
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Cooling Central Air, Wall/Window Unit(s)
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Heating Central, Ductless
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Flooring Luxury Vinyl, Tile
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County Polk
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Property Type Residential Income
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Parking Driveway, Guest, Parking Pad
Mortgage Calculator
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