1016 Mississippi Ave - Multi-Family FOR SALE


Lakeland, FL 33803- City of Lakeland
$599,000 USD
863-608-8882
1016 Mississippi Ave, Lakeland, FL for Sale
$599,000 USD
Multi-Family - FOR SALE
1/22
null | 6.3% Cap Rate

1016 Mississippi Ave
Lakeland, FL 33803
City of Lakeland


HIGHLIGHTS

  • Completely renovated in 2020 to the current city standard and specifications.
  • Minutes from Florida Southern college.
  • Roof, AC, Electrical, Hot water heaters, all recently replaced.

OVERVIEW

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. An added bonus: the sale includes the existing property website; professionally designed to showcase and advertise the property—offering a turnkey marketing advantage for continued rental success. A well-maintained, income-producing property with solid upgrades and built-in marketing—an outstanding opportunity for investors or owner-occupants alike.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

3

PRICE/UNIT

$199,667

CAP RATE

6.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trio At Hollingsworth

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,300 SF

ZONING

RA-4

APN/PARCEL ID

24-28-19-220100-013083

ASK ABOUT THIS PROPERTY

Solomon GallantS&D Real Estate Services, LLCMore Info
863-608-8882

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Solomon GallantS&D Real Estate Services, LLCMore Info
863-608-8882

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.