Sold on May 19, 2026

The Story

1016 Mississippi Avenue 101

Lakeland, FL 33803 · Home

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. …


Facts & Features

Property Info

Price
$599,000
Completion Year
1,947
Living Space
2,454 sq ft
Floors
1
Bedrooms
5
Bathrooms
3
Garage
2 spaces

Features & Amenities

Garage / Parking

2 spaces

Cooling

Central Air

Heating

Heat Pump

Roof

Shingle

Water Source

Public

Sewer

Public Sewer

Listing Broker

S & D REAL ESTATE SERVICE LLC

Broker Name

S & D REAL ESTATE SERVICE LLC

Agent

Solomon Gallant