1016 Mississippi Avenue Unit 101, 102 & 103, Lakeland, FL 33803

$550,000
5
BD
3
BA
2,454
SqFt

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Sold Price
$550,000
List Price
$599,000
Status
Sold
Days on Market
34
Closing Date
May 19, 2026
MLS#
L4959775
Property Style
Single Family
Year Built
1947
Bedrooms
5
Bathrooms
3
Living Area
2,454
Lot Size
7,248
Acres
0.17
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Dixieland Add/Lakeland
MLS Area Major
Lakeland

Property Description

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.

Additional Information

Taxes
$7017
Minimum Lease
No Minimum
Community Features
No Deed Restriction
Property Description
Two Story
Zoning
RA-4
Interior Layout
Other
Interior Features
Other
Floor
Luxury Vinyl
Appliances
Other
Utilities
Other
Heating
Heat Pump
Air Conditioning
Central Air
Exterior Construction
Block
Exterior Features
Other
Roof
Shingle
Foundation
Crawlspace
Pool
No Pool
Garage Carport
2 Car Garage
Garage Spaces
2
Flood Zone Code
X
Parcel ID
24-28-19-220100-013083
Legal Description
DIXIELAND PB 1 PG 67 BLK 13 LOT 8 N1/2 & N1/2 OF 9

Listing courtesy of S & D REAL ESTATE SERVICE LLC. 863-824-7169

Selling Office: SHAWN R MCDONALD REALTYGRP INC.

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