FL
Polk
LAKELAND
33805
123 TARAWA STREET
123 TARAWA STREET, LAKELAND, FL 33805
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Listing Type
Single Family
Listing Status
Pending
38
$274,999

Home Details for 123 TARAWA STREET

Price
$274,999
Type
Residential
Bedrooms
4
Bathrooms
2.0
Square feet
1378
Year built
1951
Lot size acres
0.18
County
Polk
Total rooms
7
Garage
Days on site
149
MLS Listing#
S5131765
Property Description

Charming Remodeled Home with Strong Income Potential in Lakeland! Unlock the perfect blend of comfortable living and smart investment at 123 Tarawa St, Lakeland—a beautifully updated 4-bedroom, 2-bathroom property spanning 1,378 square feet of heated living space on a generous 0.18-acre lot in the desirable Lakeview Village subdivision. Priced at $274,999, this home offers an attractive income approach, making it ideal for homeowners seeking passive revenue streams or investors looking to maximize returns. The main residence is a cozy 3-bedroom, 1-bathroom haven with 948 square feet of modern updates, including sleek vinyl plank flooring, central air conditioning and heating, and a functional kitchen equipped with a cooktop, refrigerator, and more. Enjoy the convenience of an in-home laundry with washer and dryer, plus an open layout perfect for everyday living. But the real value lies in the detached Accessory Dwelling Unit (ADU)—a fully independent 1-bedroom, 1-bathroom guest suite with its own kitchen and 320 square feet of space. This versatile ADU opens up excellent passive income opportunities: rent it out long-term for steady monthly cash flow (estimated at $800–$1,200/month based on local market rates), use it for short-term rentals via platforms like Airbnb to capitalize on Lakeland's growing tourism, or even rent both the main house and ADU separately for maximized revenue potential—potentially generating over $3,000 in combined monthly income while covering your mortgage and building equity. Outside, the low-maintenance stucco exterior and shingle roof ensure durability, while the fully fenced yard provides privacy for pets, gardening, or relaxation, complete with a lush garden area and handy storage shed. Park with ease under the covered carport for up to 4 vehicles. With NO HOA FEES restricting your options, you'll have full flexibility to implement your rental strategy. Conveniently located near US-98 and I-4, this property offers quick access to shopping, dining, and entertainment, enhancing its appeal to tenants and owners alike. Offered vacant and as-is, this turnkey opportunity is ready for immediate occupancy or income generation. Don't miss out—schedule a showing today and start building your passive income portfolio!

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Property Features
  • Utilities
    • Cable Available
    • Electricity Available
    • Water Available
  • Cooling Information
    • Central Air
  • Heating Information
    • Central
  • Water Features
    • Public
  • Parking
    • Covered
Listing Courtesy: XL REALTY, LLC - 407-494-6030
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2025 MLS GRID. All Rights Reserved.
Last Updated: 2025-12-19 19:28:29
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EXIT BAYSHORE REALTY
201 E. Davis Blvd, Tampa, FL 33606
Michelle Fowles
License #: SL3265621
REALTOR
Office
813 839 6869
Agent
813 503 1213
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