201 Ariana St #1, Lakeland, Florida 33803
- $599,900
- $624,900
201 Ariana St #1, Lakeland, Florida 33803
- $599,900
- $624,900
Description
Exceptional opportunity to acquire a fully occupied, income-producing quadplex in one of Lakeland’s most desirable rental corridors. Located at 201 Ariana Street, this property is perfectly positioned within A brief stroll away to Florida Southern College—driving consistent, high-demand tenancy, particularly among scholars. Each of the four units is a well-designed 1-bedroom, 1-bath layout (~650 sq ft) featuring private screened porches, offering tenants added living space and privacy—an amenity that significantly enhances rental appeal. All units typically rent at $1200 a month, providing immediate, stable cash flow from day one. This property presents a strong value-add opportunity for investors looking to maximize returns. With below-market positioning relative to location demand, there is potential to increase rents over time or make light cosmetic upgrades to further enhance income and equity. Situated in a prime central location with close proximity to downtown Lakeland, dining, shopping, and major roadways, this asset benefits from both consistent tenant demand and long-term appreciation potential. Investment Highlights: Fully occupied 4-unit property – immediate cash flow All units: 1BR/1BA, ~650 sq ft each Private screened porches for every unit Current rents: $1, 200/month each unit Walking distance to Florida Southern College – high student demand Strong rental market with upside potential Ideal for investors seeking stable income + value-add growth This is a rare opportunity to secure a turnkey multi-family property in a high-demand location with built-in income and future upside. *now priced under appraised value
Details
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Property ID TB8493723
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Price $599,900
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Land Area 0.14 Acres
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Bedrooms 4
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Bathrooms 4
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Year Built 1925
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Property Type Quadruplex, Residential Income
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Property Status Active
Additional details
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Roof Shingle
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Utilities Cable Connected, Electricity Connected, Public
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Sewer Public Sewer
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Cooling Wall/Window Unit(s)
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Heating Ductless
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County Polk
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Property Type Residential Income
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Community Features Street Lights
Address
Open on Google Maps-
Address: 201 ARIANA STREET
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City: Lakeland
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State/county: FL
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Zip/Postal Code: 33803
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Country: US
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What's Nearby?
- Active Life
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Mrs O's Active Learners Enrichment Center (2.23 mi)
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Active Staffing Services (2.41 mi)
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Active Outdoorsman Taxidermy (4.53 mi)
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All Active Physical Therapy (36.46 mi)
- Restaurants
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Cob & Pen (0.07 mi)
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By The Chef Pizza (0.08 mi)
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Tres Fuegos (0.09 mi)
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Hungry Howie's Pizza & Subs (0.16 mi)