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LAKELAND, FL 33805 123 TARAWA STREET

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Presented By: XL REALTY, LLC with 407-494-6030. - 407-494-6030
  • MLS# S5131765
  • 07/30/2025
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 2
  • SQFT • 1,378

Home Details

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!
Presented By: XL REALTY, LLC with 407-494-6030. - 407-494-6030

Interior Features for 123 TARAWA STREET

Bedrooms

Total Bedrooms4

Bathrooms

Half Baths0
Total Baths2

Other Interior Features

LivingAreaSourcepublic records
Air Conditioning Y/NYes
Fireplace Y/NNo
Flooringvinyl
Furnished Y/Nunfurnished
Heating Y/NYes
Interior Amenitiesceiling fan(s), thermostat
Laundry Featureslaundry room, outside
Window Featuresblinds, insulated windows

General for 123 TARAWA STREET

Additional Parcels Y/NNo
Appliancescooktop, dryer, range, refrigerator, washer
Building Area Unitssquare feet
Carport Spaces4
Carport Y/NYes
Citylakeland
Construction Materialsstucco
Coolingcentral air
Countypolk
Directionsmerge onto i-4 e via the ramp toward tampa/orlando. continue on i-4 e for about 32 miles. take exit 32 for us-98 n toward lakeland. merge onto us-98 n/s bartow rd and continue for about 3 miles. turn
Facing Directionnorth
Flood Zone Codex
Flood Zone Code XY
Full Baths2
Garage Y/NNo
HOANo
Heatingcentral
ILS Total SQFT320
ILS Under Air SQFT320
Land Lease Y/NNo
Lease Considered Y/NYes
Legal Descriptionlakeview village pb 34 pg 27 blk 3 lot 5
Levelsmulti/split
Listing Termscash, conventional, fha, usda loan, va loan
Living Area Unitssquare feet
Lot Size Square Feet7919
Lot Size Unitssquare feet
MLS Area33805 - lakeland / gibsonia
Minimum Leaseno minimum
New ConstructionNo
Occupancy Typevacant
Other Structuresguest house
Ownershipfee simple
Patio/Porch Featurescovered
Property Attached Y/NYes
Property Subtypesingle family residence
Property Typeresidential
Roofshingle
STELLAR_InLawSuiteDescrip1 bathroom, 1 bedroom, detached (adu), kitchen, studio
STELLAR_InLawSuiteYNYes
Senior Community Y/NNo
Sewerpublic sewer
Standard Statusactive
Statusactive
Subdivision Nameswannanoa
Tax Annual Amount7228
Tax Year2024
Total Rooms7
Utilitiesbb/hs internet available, cable available, electricity available, water available
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1951

Exterior for 123 TARAWA STREET

Building Area Total1378
Covered Spaces4
Exterior Amenitiesgarden, private mailbox, storage
Fencingfenced
Foundation Detailsslab
Lot Size Acres0.18
Lot Size Area7919
Parking Featurescovered
Private PoolNo
Road Surface Typeasphalt
SpaNo
Water Sourcepublic
Waterfront Y/NNo

Additional Details

Price History

Steven Silcock

Broker Owner
Price $274,999
MLS#S5131765
List Date 07/30/2025
Property Type Single Family
Phone 407.574.0218
Request Tour
Request Info
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