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201 ARIANA STREET UNIT 1, 2, 3, 4

Multi-family Active With Contract
$599,900

BTC: 9.93211921

ETH: 376.18596718

-$50K (2026/04/28)
54 days
4 bds
2,624 sqft

Overview

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

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1925
Lot:
0.14 Acres
Heating:
Wall Units / Window Unit
Price/sqft:
$229
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Highlights

Annual tax
$4,103
2025
All facts and features
  • Heating

    • Wall Units / Window Unit

    Cooling

    • Wall/Window Unit(s)

    Other interior features

    • Ceiling Fan(s)

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Property

    • Exterior Features: Balcony / French Doors / Sidewalk

    Lot

    • Lot: 0.14 Acres

    Other Property Information

    • Parcel Number: 232824117500045180

    • Zoning: RA-4

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • Cable Connected

    • Electricity Connected

    • Public

    • Street Lights

  • Other financial information

    • Annual tax amount: $4,104

  • Source details

    • MLS ID: TB8493723

    Other facts

    • Construction Materials: Other

    • Foundation Details: Crawlspace

    • Laundry Features: None

    • Living Area: 2624

    • Water Source: Public

    • Lot Size Dimensions: 50 x 125

    • Subdivision Name: DIXIELAND REV

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: FLAT FEE MLS REALTY