123 Tarawa Street Lakeland, FL 33805
For Sale MLS# S5131765
4 beds 2 baths 1,378 sq ft Single Family
Details for 123 Tarawa Street
MLS# S5131765
Description for 123 Tarawa Street, Lakeland, FL, 33805
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!
Listing Information
Property Type: Residential, Single Family Residence
Status: Active
Bedrooms: 4
Bathrooms: 2
Lot Size: 0.18 Acres
Square Feet: 1,378 sq ft
Year Built: 1951
Construction: Stucco
Property Attached: Yes
Subdivision: Swannanoa
Foundation: Slab
County: Polk
Room Information
Main Floor
Den:
Living Room:
Kitchen:
Bathroom 1:
Bedroom 3:
Bedroom 2:
Primary Bedroom:
Bathrooms
Full Baths: 2
Additonal Room Information
Laundry: Outside, Laundry Room
Interior Features
Appliances: Dryer, Cooktop, Range, Refrigerator, Washer
Flooring: Vinyl
Doors/Windows: Blinds, Insulated Windows
Additional Interior Features: Ceiling Fan(s)
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Available,Electricity Available,High Speed Internet Available,Water Available
Cooling: Ceiling Fan(s), Central Air
Heating: Central
Exterior / Lot Features
Parking Description: Covered
Roof: Shingle
Fencing: fenced
Additional Exterior/Lot Features: Garden, Storage, Covered
Out Buildings: Guest House
Driving Directions
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
Financial Considerations
Terms: Cash,Conventional,FHA,USDA Loan,VA Loan
Tax/Property ID: 24-28-06-165300-003050
Tax Amount: 7228
Tax Year: 2024
A broker reciprocity listing courtesy: XL REALTY, LLC
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 123 Tarawa Street
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 123 Tarawa Street
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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