Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Ductless

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Other

  • Other Exterior Features

    Balcony

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.14

  • Lot Size(square feet)

    6233.0

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $599,900

  • Tax Amount

    $4,103.61

  • Sq. Footage

    2, 624

  • Price/SqFt

    $228

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    18

  • Water Source

    Public

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Location

County

Polk

Elementary School

Middle School

High School

Listing Courtesy of Stephen Hachey , FLAT FEE MLS REALTY

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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

201 ARIANA STREET 1, 2, 3, 4

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Related Properties

Price reduced
Income-producing opportunity in Lakeland! This quadplex delivers strong and consistent cash flow, currently generating approximately **$70,000 in annual gross rental income**.

Each of the four units is well-positioned to attract and retain long-term tenants, offering stability and minimal vacancy. The property is conveniently located near major roadways, shopping, dining, and employment centers, making it highly desirable in a strong rental market.

**Investment Highlights:**

* Quadruplex (4 units)
* Gross Annual Income: ~$70,000
* Stable occupancy with consistent rental demand
* Desirable Central Florida location
* Opportunity for future rent growth

**Investment Metrics (Pro Forma):**

* Estimated Operating Expenses (30%): $21,000
* **Net Operating Income (NOI): $49,000**

**Estimated Cap Rates:**

* 7.0% at $700,000

A solid opportunity for investors seeking reliable income with upside potential in a growing market. Ideal for both seasoned investors and those looking to expand their portfolio with a performing asset.
#TB8497949

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1962 CRYSTAL GROVE DRIVE

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Four income-producing units — two duplexes on one lot! A solid investment opportunity with strong rental potential. 1125 1st floor 2/1 $1150mo. Month to month lease. 1125 apt 2 (2nd floor) one bedroom $1150 mo. Lease is up August 31, 2026.  The 1123 and 1121 are in the same one floor building both tenants are on month to month leases. 1123 is a one bedroom $950mo. 1121 is 2/1 $1085 mo.
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Combee Apartments, is a stabilized *8-unit multifamily property located at 1310 N Combee Rd in Lakeland, Florida. Set on a large 2.2-acre parcel, this five-building complex combines long-term income stability with future development potential in the heart of Central Florida’s high-demand Polk County submarket.

Built in 1950, the property includes a diverse unit mix of three 1-bedroom/1-bath units, four 2-bedroom/1-bath units, and one 2-bedroom/2-bath single-family home, totaling 6,331 square feet. All units are equipped with mini-split AC systems and feature block construction, slab foundations, and pitched shingle roofs. The layout allows for low-density living, ample tenant parking, and future flexibility.

Electricity and water are separately metered and paid by tenants, while the landlord covers sewer (septic) and trash services. The property is currently leased with below-market rents, offering immediate value-add potential through lease adjustments.

Strategically located near major employers, retail, and transportation corridors, Combee Apartments provides convenient access to downtown Lakeland and nearby I-4, making it an ideal choice for workforce housing. With solid bones, stable cash flow, and room for growth, this property represents a compelling opportunity for investors seeking scalability in one of Florida’s fastest-growing markets.

*DISCLAIMER: TWO UNITS ARE NON-CONFORMING*
#TB8419297

LAKELAND

1310 N COMBEE ROAD

13 Beds

None Baths

6,331 Sq.Ft.

$699,000

MLS#: TB8419297

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