Property
Beds
4
Full Baths
None
1/2 Baths
None
Year Built
1925
Sq.Footage
2,624
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
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Wall/Window Unit(s)
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Ductless
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Other
-
Other Exterior Features
Balcony
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.14
-
Lot Size(square feet)
6233.0
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
Price
-
Sales Price
$599,900
-
Tax Amount
$4,103.61
-
Sq. Footage
2, 624
-
Price/SqFt
$228
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
18
-
Water Source
Public
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Location
County
Polk
Elementary School
Middle School
High School
Listing Courtesy of Stephen Hachey , FLAT FEE MLS REALTY
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