About This Property

Excellent income-producing opportunity in Lakeland featuring a main residence plus detached in-law suite (ADU). The main home offers 3 bedrooms, 2.5 bathrooms, plus a den/office (which can be used as a 4th room), while the rear unit includes 1 bedroom, 1 bathroom, and a kitchen — ideal for rental income, multi-generational living, or living in one while renting the other! Strong upside potential with the ability to generate multiple income streams. With improvements and stabilization, similar properties in the area have supported combined rents in the ~$2,500–$3,000+/month range (buyer to independently verify). The In-Law Suite is currently on rent for $1000/month with a month to month lease, that's immediate income! Property includes a fenced backyard, additional storage structures, and an in-ground pool. The pool is currently not in service and will require repair or restoration. Being sold AS-IS, this property presents a great opportunity for investors or buyers looking to add value and maximize returns. Conveniently located near shopping, major roads, and central Lakeland amenities.

Key Features

• Built in 1949

Property Details

• Type: Single Family Home
• Year Built: 1949
• Lot Size: 0 sq ft
• Sq Ft: 2,051
• Price / Sq Ft: $117
• HOA: Contact Agent
• Bedrooms: 5
• Bathrooms: 3.5
• Feature: Built in 1949
• Status: Active
• MLS Number: MFR787373362
• Days on Market: 177
• Listed By: THE FLORIDA PROPERTY SHOP SALE · Nikhil Vashist
• Zip Code: 33801