714 TEXAS AVENUE
Lakeland, FL, 33815 $ 420,000
Baths0.0 Sq 1,291 Monthly Estimate*
$ 2,652
Studio for $420,000. This 1,291 square foot home was built in 1970 on a lot size of 0.33.
Located in the heart of Lakeland, FL, this fully remodeled, fully furnished multi-unit property presents an exceptional turnkey investment opportunity with strong income potential and long-term stability. The property features two separate buildings thoughtfully designed for both comfort and functionality. Building A includes a spacious 3-bedroom, 1-bath unit along with a well-appointed 1-bedroom, 1-bath apartment. Building B features two desirable 2-bedroom, 1-bath units—currently operated as a corporate rental, providing added flexibility and attractive income potential. All units have been recently renovated and come fully furnished, making them move-in or rent-ready from day one. Interior upgrades include a combination of durable vinyl/carpet flooring, convenient interior laundry hookups, and private fenced yard space—features that consistently appeal to renters. While utilities are currently included for the corporate rental in Building B, each unit is individually metered, offering the option for separate billing if desired. The property already generates reliable income, with an existing tenant in Building A paying $1,350/month (lease through 4/30/2027), while Building B is secured with a lease in place paying $1,850/month through 1/31/2027, ensuring immediate cash flow and peace of mind. Situated on Texas Ave, this location provides easy access to local shopping, dining, schools, and major transportation routes, all within a welcoming and established neighborhood. Whether you’re expanding your portfolio or seeking a turnkey, income-producing asset in a thriving community, this property delivers both value and opportunity. DO not Disturb tenants.
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Utilities Public
Roof Shingle
Appliances Microwave Refrigerator
Zoning RA-4
Construction Materials Stucco
Year Built 1970
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
County Polk
New Construction false
Property Type Residential Income
Subdivision Name BOWYERS SUB
Garage Y/N false
Status Active
Directions Drive east on West Main St. Left to North Florida Ave. Left to George Jenkins Bld/FL 548. Right to Martin Luther King Jr. Ave/FL 563. Left to West Pear St. Left to Texas Ave. Turn right.
City LAKELAND
Senior Community Y/N false
MLS Area 33815 - Lakeland
Lot Size Units Square Feet
Lot Size Square Feet 14623
Carport Y/N false
Land Lease Y/N false
Tax Annual Amount 3628
Additional Parcels Y/N false
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 1
Legal Description BOWYERS SUB PB 3 PG 19 BLK B LOTS 1 & 2
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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InteriorInterior Amenities Other
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area Electric Dryer Hookup Washer Hookup
Total Bedrooms 0
Total Baths 0
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ExteriorExterior Amenities Other
Water Source Public
Lot Size Area 14623
Foundation Details Crawlspace
Number of Buildings 2
Lot Size Acres 0.33
Road Surface Type Paved
Private Pool false
Waterfront Y/N false
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $2,652
- Monthly Property Taxes
- $302
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Lakeland, FL
Average List Price $412,866
Percent of Sale Price 2%
About Lakeland, FL 108,488 Population
23% Since 2002
$ 42,582 Median Income
39.8 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/25/2026 | $420,000 | | Listed Price |