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Wade M. Berlin

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Tropic Shores Realty
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1016 Mississippi Avenue 101, 102 &
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PRICED AT ONLY: $599,000

Address: 1016 Mississippi Avenue 101, 102 &, LAKELAND, FL 33803

Description

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 propertyoffering a turnkey marketing advantage for continued rental success. A well maintained, income producing property with solid upgrades and built in marketingan outstanding opportunity for investors or owner occupants alike. Accessible unit will not be ready until the 15th of March.
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  • MLS#: L4959775 ( Residential )
  • Street Address: 1016 Mississippi Avenue 101, 102 &
  • Viewed: 1
  • Price: $599,000
  • Price sqft: $227
  • Waterfront: No
  • Year Built: 1947
  • Bldg sqft: 2635
  • Bedrooms: 5
  • Total Baths: 3
  • Full Baths: 3
  • Garage / Parking Spaces: 2
  • Days On Market: 25
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other
  • Flooring: Luxury Vinyl
  • Living Area: 2454.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 2.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Utilities: Other
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: 2025
Other Features
  • Appliances: Other
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Other
  • Legal Description: DIXIELAND PB 1 PG 67 BLK 13 LOT 8 N1/2 & N1/2 OF 9
  • Levels: Two
  • Area Major: 33803 - Lakeland
  • Occupant Type: Tenant
  • Parcel Number: 24-28-19-220100-013083
  • Unit Number: 101, 102 & 103
  • Zoning Code: RA-4

Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin