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$550,000

  • Sold
  • Closed
  • Single Family
  • 5 Beds
  • 3 Full Baths
  • 2,454 Sq. Ft.
  • Updated 1 day ago
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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.

Full Property Details for 1016 Mississippi Ave #101, 102 & 103

General

  • Sold For: $550,000
  • Taxes: $7,017 (2025)
  • Status: Closed
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: L4959775
  • Added to Site: 79 day(s) ago

Rental Information

  • Min. Lease: No Minimum

Interior

  • Number of Rooms: 12
  • Interior Features: Other
  • Appliances: Other
  • Furnishings: Unfurnished
  • Flooring: Luxury Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: Inside

Exterior

  • Exterior Features: Other

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2

Location

  • Area: 33803 - Lakeland
  • County: Polk
  • Development Name: 33803 - Lakeland
  • Subdivision: DIXIELAND ADD/LAKELAND
  • Driving Directions: From S. Florida Ave. Turn onto E Charles St. Make a right onto Mississippi Ave. Home is about four blocks down on the left.
  • Direction Faces: West

Community

  • Community Name: 33803 - Lakeland

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Heat Pump

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Other

Structural Information

  • Exterior Const.: Block
  • Roof: Shingle
  • Stories/Levels: Two
  • Square Feet: 2,454
  • Sq. Ft. Source: Public Records
  • Living Area: 2,454 Sq. Ft.
  • Year Built: 1947

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Size (Sq. Ft.): 7,248
  • Lot Size: 7248
  • Lot Dimensions: 72.5 x 100
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Tax Amount: $7,017.62
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: DIXIELAND PB 1 PG 67 BLK 13 LOT 8 N1/2 & N1/2 OF 9
  • Flood Zone Info: X
  • APN: 242819220100013083
  • Property ID: 242819220100013083
  • Block/Lot/Section: 13

Listed by S & D Real Estate Service Llc
Sold by Shawn R McDonald Realtygrp Inc

Listing agent

— 1016 Mississippi Ave #101, 102 & 103 —

  • S & D Real Estate Service Llc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1016 Mississippi Ave #101, 102 & 103

School District:Polk County School District
NameGradesDistance
Philip O'brien Elementary School
1225 East Lime Street, Lakeland, FL 33801
PK-50.9 mi
Sleepy Hill Middle School
2215 Sleepy Hill Road, Lakeland, FL 33810
6-85 mi
Lakeland Senior High School
726 Hollingsworth Road, Lakeland, FL 33801
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1016 Mississippi Ave #101, 102 & 103

Date
Details
Price
Change
Source
5/19/2026
Sold
$550,000
-8.18%
MLS
3/04/2026
Listed
$599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by S & D Real Estate Service Llc
Sold by Shawn R McDonald Realtygrp Inc

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1016 Mississippi Avenue #101, 102 & 103, Lakeland, FL 33803 (MLS# L4959775) is a Single Family property that was sold at $550,000 on May 19, 2026. Want to learn more about 1016 Mississippi Avenue #101, 102 & 103? Do you have questions about finding other Single Family real estate for sale in Lakeland? You can browse all Lakeland real estate or contact a Coldwell Banker agent to request more information.