303 W 5TH STREET, LAKELAND, FL 33805

  • Open House
  • New Listing
  • Virtual Tour
  • Price Reduced$5,000
  • Active Under Contract

$385,000

  • 5 BedroomBedrooms
  • 3 BathroomBathrooms
  • 1,928 Sq.Ft.
  • Single Family
  • Active Under Contract
  • MLS# TB8531497
  • Floor Plan
  • Sold on 
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Property Description

Under contract-accepting backup offers. Incredible income-producing property in Lakeland! Completely renovated from top to bottom with fresh paint, modern finishes, and all-new systems, this multi-unit property is a true turnkey investment. Two Smart Ways to Buy: As an Owner-Occupant: Move right into the spacious main house (market value estimated at $2,000/month) while the two secondary units already generate steady income ($1,100/mo and $1,200/mo). The main house will be vacant in August, and the other units are secured with stable 1-year leases and deposits in place. As a Pure Investor: Lease out the main house to maximize your cash flow, bringing the total gross monthly income to approximately $4,300/mo from day one. Featuring a versatile layout, brand-new updates throughout, and a fantastic location, this high-return property offers endless flexibility and immediate results. Schedule your showing today!

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Property Details 303 W 5TH STREET, LAKELAND, FL 33805

Facts & Features

  • MLS #: TB8531497
  • Status: Active Under Contract
  • Date Listed: 07/22/2026
  • Type: Single Family
  • Sub Type: Single Family Residence
  • Year Built: 1947
  • Price: $385,000
  • Acres: 0.13
  • Area: 33805 - Lakeland / Gibsonia
  • County: Polk
  • Subdivision: WASHINGTON PARK
  • Bedrooms: 5
  • Bathrooms: 3
  • Full Baths: 3
  • Total SqFt: 1,928

Amenities

  • Waterfront: Yes
  • Waterfront Type: Public

Interior

  • Interior Features: Ceiling Fans(s), Solid Surface Counters, Split Bedroom
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Appliances: Microwave, Range, Refrigerator
  • Utilities: BB/HS Internet Available, Electricity Connected
  • Heating: Central
  • Cooling: Central Air, Mini-Split Unit(s)

Exterior

  • Exterior Features: Private Entrance, Sidewalk
  • Roof: Shingle
  • Construction: Block, Stucco

Additional Information

  • Zoning: RA-4

Estimated Monthly Mortgage Calculator

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