BEDS4
BATHS
SQUARE FEET2,624
MLS#TB8493723
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONDIXIELAND REV
Property 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 flowAll units: 1BR/1BA, ~650 sq ft eachPrivate screened porches for every unitCurrent rents: $1,200/month each unitWalking distance to Florida Southern College - high student demandStrong rental market with upside potentialIdeal for investors seeking stable income + value-add growthThis 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
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Ductless
Lot Size: 0.14 Acres
Roof Type: Shingle
Taxes: $4,103
Year Built: 1925
Amenities
Ceiling Fans(s)
Balcony
French Doors
Sidewalk
Feature Descriptions
Annual Net Income: 0.00
Community Features: Street Lights
Days on Site: 48
Directions: Located on Ariana St just off S. Florida Ave. Parking is located in rear of building and accessible via Ariana St and/or the alley.
Flood Zone Code: x
Foundation: Crawlspace
Home Warranty Y/N: No
Lot Dimensions: 0.14
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Call Owner, Other, ShowingTime
Special Sale Provisions: None
Units: 4
Utilities: Cable Connected, Electricity Connected, Public
Water: Public
Water Access Y/N: No
Zoning: RA-4
Listed By / Shown By
Listed By
Agency Name: FLAT FEE MLS REALTY
Agency Contact: 813-642-6030
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 1,852.00 per month $1,335.12 Principal & Interest $341.92 Property Tax $174.97 Homeowner's InsuranceChange Payment Information
201 Ariana Street, Unit 1, 2, 3, 4 | MLS# TB8493723
This multi-family property located at 201 Ariana Street, Unit 1, 2, 3, 4, Lakeland, FL 33803 is currently listed for sale with an asking price of $599,900. Search Lakeland real estate on www.realtymark.net today.