1014 S Tennessee Avenue, LAKELAND, FL 33803
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1014 S Tennessee Avenue,LAKELAND, FL 33803
$699,900
- 5 Beds
- 3 Baths
- 2,019 sq. ft.
- Multi-family
- Active
Listed by:heather padgett
Office:exp realty llc.
MLS#:L4955366
Source:MFRMLS
Price summary
- Price:$699,900
- Price per sq. ft.:$346.66
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.
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Home facts
- Year built:1920
- Listing Id #:L4955366
- Added:1 day(s) ago
- Updated:August 22, 2025 at 08:40 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Living area:2,019 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Unit(s)
- Heating:Central, Ductless
Structure and exterior
- Roof:Metal, Shingle
- Year built:1920
- Building area:2,019 sq. ft.
- Lot area:0.16 Acres
Utilities
- Water:Public
- Sewer:Public, Public Sewer
Finances and disclosures
- Price:$699,900
- Price per sq. ft.:$346.66
- Tax amount:$5,690 (2024)
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