701 E LIME STREET LAKELAND FL 33801 MLS #L4953575

701 E LIME STREET
LAKELAND, FL, 33801
$825,000
6 Beds
6 Baths
5,904 SqFt
0.18 Acres
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This is a six unit property built in 1925 as an apartment building, located just a few blocks from downtown Lakeland, Lake Morton, and Lake Mirror. This is NOT a house converted into apartments. The buildings are wood frame with a shingled roof. A new roof installed on the main building in 2025. The other building roof in 2003. There was Termite treatment/tenting of both buildings in 2024.
There are 4 one bedroom / one bath units fronting at the SE corner of Lime Street and Indiana Avenue in a two story building and two one bedroom / one bath units over the carport building located directly on Indiana Avenue South.
The larger Lime Street building has four 1,000 square foot units, each with one bedroom, one bathroom (with tub), full kitchen, separate living room, separate dining room, and large enclosed porch. There are two units on each floor. There is an entrance on the front (Lime St) and rear of the building. All these units have central A/C
The smaller 2 unit building (Indiana Ave) each have a full kitchen, combined living/dining room area, one bedroom and a full bath. These units have window unit A/C. There is a private, screened-in covered patio/porch for each unit. There are separate staircases leading up to each of these units. All Tenant mailboxes are located under the stairs of unit 412. There are coin operated laundry machines located in the rear of this building, for all tenants use.
All units have a Refrigerator and Stove. Units 1, 3, 4 and 414 have instant hot water heaters. Units 2 and 412 have a standard hot water tank/heater. Hardwood flooring throughout with ceramic tile in the kitchens and bathrooms. Units 1 & 4 have granite countertops in the kitchens. Carport parking (4 bays) is on Indiana Ave under the 2 units building and other parking is on site. City Water and sewer is paid by the owner. Cable is paid by the tenant

Property Details

Price:
$825,000
MLS #:
L4953575
Status:
Active
Beds:
6
Baths:
6
Address:
701 E LIME STREET
Type:
Multi Family
Subdivision:
MATHIS H J ADD 01
Neighborhood:
33801 – Lakeland
City:
LAKELAND
Listed Date:
Jun 7, 2025
State:
FL
Finished Sq Ft:
5,904
Total Sq Ft:
5,904
ZIP:
33801
Lot Size:
7,793 sqft / 0.18 acres (approx)
Year Built:
1927
Units:
6
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Interior

Appliances
Electric Water Heater, Range, Range Hood, Refrigerator, Tankless Water Heater
Cooling
Central Air, Wall/ Window Unit(s)
Flooring
Ceramic Tile, Hardwood
Heating
Central, Electric, Heat Pump, Wall Units / Window Unit
Laundry Features
Laundry Room

Exterior

Construction Materials
Asbestos
Exterior Features
Balcony
Roof
Shake

Financial

Tax Year
2024
Taxes
$4,206

Map

Community

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701 E LIME STREET
LAKELAND, FL