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1016 Mississippi Avenue Unit 101102 & 103, Lakeland, FL, 33803

5beds
3baths
2,454sqft
Single Family Residence
Built in 1947
$550,000
Sold
Price per sqft
$224
Sold on
May 19, 2026
MLS #L4959775Updated May 21, 2026

About this property

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.

Accessible unit will not be ready until the 15th of March.

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Property details

Property type
Single Family Residence
Street address
1016 Mississippi Avenue Unit 101
City
Lakeland
State
FL
ZIP code
33803
Year built
1947
New construction
No
Faces
West
Rooms
12
Building stories
1
Living area
2,454 sqft
Total building area
2,635 sqft
Levels
Two

Stellar MLSThe data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; the availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.Stellar (MFR) data last updated at November 8, 2026 at 5:15 AM EST

Price & sale history

EventPrice
SoldMLS #L4959775$550,000
Listed for saleMLS #L4959775$599,000
History may be incomplete.
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Location

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