201 ARIANA ST #1, 2, 3, 4, LAKELAND, FL, 33803
$599,900
Residential Income
Bedrooms
4
Bathrooms
4
Living Area
2,624 Sqft
Lot Size
6,233 Sqft
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
Property Details
Property Features Property Features
MLS ID: MFRTB8493723 Year Built: 1925
Community Features: Street Lights Construction Materials: Other
Cooling: Wall/Window Unit(s) Country: US
County Or Parish: Polk Exterior Features: Balcony, French Doors, Sidewalk
Foundation Details: Crawlspace Heating: Ductless
Laundry Features: None Listing Agreement: Exclusive Agency
Property Sub Type: Quadruplex Property Type: Residential Income
Road Surface Type: Other Roof: Shingle
Sewer: Public Sewer Showing Requirements: 24 Hour Notice, Appointment Only, Call Owner, Other, ShowingTime
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Cable Connected, Electricity Connected, Public
Water Source: Public
We love to hear from you