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