701 E Lime Street, Lakeland, FL 33801

$725,000
6
BD
6
BA
5,060
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$725,000
List Price
$825,000
Status
Sold
Days on Market
69
Closing Date
Sep 30, 2025
MLS#
L4953575
Property Style
Multi Family
Year Built
1927
Bedrooms
6
Bathrooms
6
Living Area
5,060
Lot Size
7,793
Acres
0.18
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Mathis H J Add 01
MLS Area Major
Lakeland

Property Description

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

Additional Information

Taxes
$4206
Annual Gross Income
70625
Location
Corner Lot, Historic District, City Limits, Paved
Community Features
No Deed Restriction
Property Description
One Story
Zoning
MF-22
Interior Layout
Ceiling Fans(s)
Interior Features
Ceiling Fans(s)
Floor
Ceramic Tile, Wood
Appliances
Electric Water Heater, Range, Range Hood, Refrigerator, Tankless Water Heater
Utilities
Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Connected
Heating
Central, Electric, Heat Pump, Ductless
Air Conditioning
Central Air, Wall/Window Unit(s)
Exterior Construction
Asbestos
Exterior Features
Balcony
Roof
Shake
Foundation
Crawlspace
Pool
No Pool
Garage Carport
4 Car Carport
Flood Zone Code
X
Parcel ID
24-28-19-234500-001030
Legal Description
H J MATHIS 1ST ADD PB 2 PG 119 BLK A LOT 3 LESS ADD'L R/W FOR RD

Listing courtesy of REMAX EXPERTS. 863-802-5262

Selling Office: BHHS FLORIDA PROPERTIES GROUP.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on