Listing Details for MLS # L4959775
1016 Mississippi Avenue Unit 101, 102 & 103, Lakeland, Fl 33803

Residential Property - Single Family Residence in Lakeland

Listing Price: $599,000Days on Market: 29

Description of Property

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.The average asking price for a 5 bedroom/3 bath single family residence in this Zip code is $514,495. This single family residence is listed at about 116% of the average asking price. This is the only 5 bedroom/3 bath single family residence between $450,000 and $750,000 currently listed for sale in this Zip code.