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

  • Property ID TB8493723
  • Price $599,900
  • Land Area 0.14 Acres
  • Bedrooms 4
  • Bathrooms 4
  • Year Built 1925
  • Property Type Quadruplex, Residential Income
  • Property Status Active

Additional details

  • Roof Shingle
  • Utilities Cable Connected, Electricity Connected, Public
  • Sewer Public Sewer
  • Cooling Wall/Window Unit(s)
  • Heating Ductless
  • County Polk
  • Property Type Residential Income
  • Community Features Street Lights
  • Address: 201 ARIANA STREET
  • City: Lakeland
  • State/county: FL
  • Zip/Postal Code: 33803
  • Country: US

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