817 College Ave, Lakeland, FL 33801

$349,000

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Home Description

Here’s your opportunity to own a tenant-occupied bungalow in one of Lakeland’s most high-demand rental areas—just a mile from Lake Hollingsworth, a five-minute drive to downtown, and directly across from Florida Southern College. With a lease in place through January, the home offers immediate income while you plan your next steps, whether that’s holding for cash flow, renovating to raise rental value, or converting to student housing or a furnished mid-term rental. This 3-bedroom, 1.5-bath home blends historic charm with function, offering original hardwood flooring, abundant natural light, and a cozy wood-burning fireplace that anchors the living space. The front porch with ceiling fan and classic swing adds curb appeal and a welcoming touch that tenants love. Inside, the kitchen includes stainless steel appliances and a window above the sink overlooking the backyard. The dining area flows into a versatile bonus room ideal for a study nook, reading corner, or home office setup. Each bedroom is well-proportioned, including one with a wraparound sitting area that creates an inviting private space. At the rear of the home, a spacious Florida room with wall-to-wall windows and laundry access adds flexibility for shared living or relaxation. The fenced backyard offers privacy and space, with a shed for additional storage or future value-add options. Located in a walkable and charming historic district with strong rental history, this home checks the boxes for both seasoned investors and those entering the Lakeland market. Don’t miss your chance to secure a property in this coveted location with built-in cash flow and long-term upside.