Investor Special – Don’t miss this incredible income-producing property offering instant cash flow from reliable tenants! This spacious 5-bedroom, 3-bathroom home sits on a corner lot and features a converted garage currently serving as an additional bedroom. The original garage door remains in place, giving buyers the flexibility to easily restore it to a garage if desired. The home is tenant-occupied with a lease through November 30, 2026, generating $2,400 per month in rental income and delivering an impressive cap rate above 12%. Located in a stable rental area of Lakeland, this property offers strong returns and long-term potential for any investor’s portfolio. A great opportunity to purchase a turn-key rental with solid tenants and steady revenue from day one!
The income description goes here to explain
| List Price | $199,000 |
| Property Type | Single Family Homes |
| Usable Sqft | 1,521 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1987 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 232812057101000700 |
| MLS # | TB8446347 |
| Property ID | 319094156 |
| Lot Sqft | 6,608 |
| Zoning | PUD |
| Days on Market | 48 |
| Original List Price | $239,000 |
| Applicances | Dishwasher, Microwave, Range, Refrigerator% |
| Date Updated | December 15, 2025 |
| Date Created | November 11, 2025 |
Richard Miller an agent of .
© 2025 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of December 15, 2025 The information being 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.
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT