817 COLLEGE AVENUE LAKELAND FL 33801 MLS #L4953417

Here’s your chance to own a tenant-occupied bungalow in one of Lakeland’s most desirable rental areas—just one mile from Lake Hollingsworth, five minutes to downtown, and right across from Florida Southern College. With a lease in place through January, this property offers immediate income and plenty of options for the future: keep it as a cash-flowing rental, renovate to increase value, or convert it into student housing or a furnished mid-term rental.

Inside, the 3-bedroom, 1.5-bath home blends historic charm with functionality. Original hardwood floors, abundant natural light, and a cozy wood-burning fireplace anchor the living space, while a ceiling fan and swing on the front porch add timeless curb appeal tenants love. The kitchen features stainless steel appliances and a window overlooking the backyard, flowing into a dining area and versatile bonus room—perfect for a home office, study nook, or reading corner.

Each bedroom is well-sized, including one with a wraparound sitting area for added character. A spacious Florida room at the rear, with wall-to-wall windows and laundry access, provides extra flexibility for shared living or quiet retreat. The fenced backyard offers privacy, room to enjoy the outdoors, and a shed for storage or future value-add potential.

Set in a walkable, historic district with strong rental demand, this property delivers the perfect mix of charm, location, and income potential. Whether you’re a seasoned investor or new to the Lakeland market, this bungalow is a smart opportunity with built-in cash flow and long-term upside. Don’t miss it!