$699,900

Estimated payment $4,288/month

Total Views 775
5 Beds
3 Baths
2,019 Sq Ft
$347 Price per Sq Ft

Highlights

  • Very Popular Property
  • Guest House
  • Solid Surface Countertops
  • Lincoln Avenue Academy Rated A-
  • Furnished
  • No HOA

About This Home

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.

Listing Agent

Heather Padgett

EXP REALTY LLC Brokerage Phone: 888-883-8509 License #3347541 Listed on: 08/22/2025

EXP REALTY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,690

Year Built

  • Built in 1920

Home Design

  • Triplex
  • Bi-Level Home
  • Frame Construction
  • Shingle Roof
  • Metal Roof

Interior Spaces

  • 2,019 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Decorative Fireplace
  • Window Treatments
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Parking Pad
  • Driveway

Outdoor Features

  • Exterior Lighting
  • Rear Porch

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Cable TV Available

Additional Features

  • 6,752 Sq Ft Lot
  • Guest House

Community Details

  • No Home Owners Association
  • 3 Units
  • 2,019 Sq Ft Building
  • Futch & Rogers Sub Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,690

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Construction Materials: Frame
  • Fireplace: Yes
  • Living Area: 2019
  • Lot Size Acres: 0.16
  • New Construction: No
  • Year Built: 1920
  • Building Area Total: 2019
  • Lot Size Sq Ft: 6752
  • Directions to Property: Go North on S Florida Ave, Turn down Tennessee, house will be on your right. 1012 is the main Blue house, 1014 is the back apartments.
  • Status: Active
  • Street Direction: S
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1041803
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 346.66
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • Attribution Contact: 888-883-8509
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Decorative
  • Living Area Units: Square Feet
  • Flooring: Luxury Vinyl, Tile
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Solid Surface Counters, Window Treatments
  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Crawlspace
  • Total Bedrooms: 5
  • Levels: Two
  • Street Number Modifier: 1014
  • Living Area Meters: 187.57

Exterior Features

  • Other Structures: Guest House
  • Exterior Features: Lighting, Sidewalk
  • Roof: Metal, Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Porch, Rear Porch, Side Porch
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2016-12-22
  • Flood Zone Panel: 12105C0315G

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Driveway, Guest, Parking Pad

Utilities

  • Utilities: Cable Available, Electricity Connected, Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Ductless
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: MF-12
  • Parcel Number: 24-28-19-231000-001102
  • Additional Parcels: No
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 627

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Furnished
  • Lease Restrictions YN: 0

Multi Family

  • Number Of Units Total: 3
  • Total Num Buildings: 2
  • Unit Count: 3

Tax Info

  • Tax Annual Amount: 5690
  • Tax Block: A
  • Tax Book Number: 2-118
  • Tax Lot: 10

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 For Sale $699,900 -- $347 / Sq Ft
Source: Stellar MLS

Source: Stellar MLS

MLS Number: L4955366

Stellar MLS

APN: 242819231000001102