1016 MISSISSIPPI, LAKELAND, FL 33803
$599,000
Beds: 5
Baths: 3 Full
Sq. Ft.: 2,454 Sq. Ft.
Year Built: 1947
Lot Size: 0.17 Acres
Garage: 2
Pool: No
DOM: 29































Property Overview
Status: Active
Property Type: Residential
MLS #: a75f7b71666ea7e66a55329c80d44d21
Subdivision: DIXIELAND ADD/LAKELAND
County: Polk
HOA Fee: N/A
Year Built: 1947
Construction: Block
Foundation: Crawlspace
Roof: Shingle
Cooling: Central Air
Heating: Heat Pump
Sewer: Public Sewer
Water Source: Public
Zoning: RA-4
Tax Amount: $7,017.62 (2025)
Listed On: Feb 26, 2026
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 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.
Exterior Features
Other
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.
School Information
Elementary: N/A
Middle: N/A
High: N/A
Location
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*Estimate includes Principal & Interest (P&I) only. It does not include taxes, insurance, HOA fees, or PMI. Rates and payments may vary. Consult a lender for accurate figures.
Listing Information
Provided Courtesy of:
S & D REAL ESTATE SERVICE LLC
Listing Agent: Solomon Gallant
Information is deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated: April 7, 2026, 12:07 am UTC
MLS Source: Stellar MLS Copyright © 2026
