123 TARAWA STREET LAKELAND FL 33805 Sold 01/29/2026

Overview of 123 Tarawa St

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!

This lovely single family home was built in 1951 and features 4 bedrooms, and 2 full bathrooms. This home for sale is 1,378 square feet, with 1,378 sq ft being air conditioned living space. The home has a does not have a private swimming pool.

Directions to this property are as follows: Merge 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 Left Onto N Florida Ave. After 1.5 Miles, Turn Right Onto W Memorial Blvd. In 0.5 Miles, Turn Left Onto Tarawa St. Arrive At 123 Tarawa St, Lakeland, Fl 33805.

Please contact your ZFC agent for more information about MLS# MFRS5131765 or any other homes for sale in Lakeland or elsewhere in the Polk County area.