123 Tarawa Street, LAKELAND, FL 33805

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  • MLS#: S5131765 ( Residential )
  • Street Address: 123 Tarawa Street
  • Viewed: 55
  • Price: $274,999
  • Price sqft: $200
  • Waterfront: No
  • Year Built: 1951
  • Bldg sqft: 1378
  • Bedrooms: 4
  • Total Baths: 2
  • Full Baths: 2
  • Garage / Parking Spaces: 4
  • Days On Market: 123
  • Additional Information
  • Geolocation: 28.0736 / -81.9564
  • County: POLK
  • City: LAKELAND
  • Zipcode: 33805
  • Provided by: XL REALTY, LLC
  • Contact: Xavier Gonzalez
  • 407-494-6030
  • mfrmls
  • DMCA Notice
  • Description
    Charming Remodeled Home with Strong Income Potential in Lakeland! Unlock the perfect blend of comfortable living and smart investment at 123 Tarawa St, Lakelanda beautifully updated 4 bedroom, 2 bathroom property spanning 1,378 square feet of heated living space on a generous 0.18 acre lot in the desirable Lakeview Village subdivision. Priced at $274,999, this home offers an attractive income approach, making it ideal for homeowners seeking passive revenue streams or investors looking to maximize returns. The main residence is a cozy 3 bedroom, 1 bathroom haven with 948 square feet of modern updates, including sleek vinyl plank flooring, central air conditioning and heating, and a functional kitchen equipped with a cooktop, refrigerator, and more. Enjoy the convenience of an in home laundry with washer and dryer, plus an open layout perfect for everyday living. But the real value lies in the detached Accessory Dwelling Unit (ADU)a fully independent 1 bedroom, 1 bathroom guest suite with its own kitchen and 320 square feet of space. This versatile ADU opens up excellent passive income opportunities: rent it out long term for steady monthly cash flow (estimated at $800$1,200/month based on local market rates), use it for short term rentals via platforms like Airbnb to capitalize on Lakeland's growing tourism, or even rent both the main house and ADU separately for maximized revenue potentialpotentially generating over $3,000 in combined monthly income while covering your mortgage and building equity. Outside, the low maintenance stucco exterior and shingle roof ensure durability, while the fully fenced yard provides privacy for pets, gardening, or relaxation, complete with a lush garden area and handy storage shed. Park with ease under the covered carport for up to 4 vehicles. With NO HOA FEES restricting your options, you'll have full flexibility to implement your rental strategy. Conveniently located near US 98 and I 4, this property offers quick access to shopping, dining, and entertainment, enhancing its appeal to tenants and owners alike. Offered vacant and as is, this turnkey opportunity is ready for immediate occupancy or income generation. Don't miss outschedule a showing today and start building your passive income portfolio!
Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Garden, Private Mailbox, Storage
  • Fencing: Fenced
  • Flooring: Vinyl
  • Living Area: 1378.00
  • Other Structures: Guest House
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Covered
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 4.00
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Water Available
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Cooktop, Dryer, Range, Refrigerator, Washer
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Ceiling Fans(s), Thermostat
  • Legal Description: LAKEVIEW VILLAGE PB 34 PG 27 BLK 3 LOT 5
  • Levels: Multi/Split
  • Area Major: 33805 - Lakeland / Gibsonia
  • Occupant Type: Vacant
  • Parcel Number: 24-28-06-165300-003050
  • Views: 55
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