$725,000
SOLD SEP 30, 2025
6 Beds
6 Baths
5,060 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$143 Per Sq Ft

12% Below List Price

69 Days on Market

Highlights

  • The property is located in a historic district
  • City View
  • Corner Lot
  • Lincoln Avenue Academy Rated A-
  • Wood Flooring
  • 3-minute walk to Barnett Family Park

About This Home

As of September 2025

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

Last Agent to Sell the Property

Anthony Fridovich

REMAX EXPERTS Brokerage Phone: 863-802-5262 License #251527 Listed on: 06/07/2025

REMAX EXPERTS

Co-Listed By

Cody Fridovich

REMAX EXPERTS Brokerage Phone: 863-802-5262 License #3399848

Last Buyer's Agent

Natalie Oldenkamp

BHHS FLORIDA PROPERTIES GROUP License #3265061

BHHS FLORIDA PROPERTIES GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,206

Year Built

  • Built in 1927

Lot Details

  • 7,793 Sq Ft Lot
  • Lot Dimensions are 55x140
  • Corner Lot

Parking

  • 4 Carport Spaces

Home Design

  • Shake Roof
  • Asbestos

Interior Spaces

  • 5,060 Sq Ft Home
  • Ceiling Fan
  • City Views
  • Crawl Space
  • Range with Range Hood
  • Laundry Room

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch

Location

  • The property is located in a historic district

Utilities

  • Central Heating and Cooling System
  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heat Pump System
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 3 / A
  • Assessor Parcel Number 24-28-19-234500-001030

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • 5,904 Sq Ft Building
  • Mid-Rise Condominium
  • Mathis H J Add 01 Subdivision

Building Details

  • Gross Income $70,625

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,206

Year Built

Built in 1927

Lot Details

7,793 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Multi Family
  • Construction Materials: Asbestos
  • Fireplace: No
  • Living Area: 5060
  • Lot Size Acres: 0.18
  • New Construction: No
  • Year Built: 1927
  • Building Area Total: 5904
  • Lot Size Sq Ft: 7793
  • Tenant Pays: Electricity
  • Status: Sold
  • Street Direction: E
  • Co List Office Mls Id: MFR265522421
  • Co List Office Phone: 863-802-5262
  • Ownership: Fee Simple
  • Building Area Total Srch Sq M: 548.50
  • Escrow City: Lakeland
  • Escrow State: FL
  • RATIO Current Price By Calculate: 143.28
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • Property Description: Mid Rise
  • Attribution Contact: 863-802-5262
  • Tax Year: 2024
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Electric Water Heater, Range, Range Hood, Refrigerator, Tankless Water Heater
  • Foundation Details: Crawlspace
  • Total Bedrooms: 6
  • Levels: One
  • Living Area Meters: 470.09

Exterior Features

  • Exterior Features: Balcony
  • Roof: Shake
  • Pool Private: No
  • View: City
  • Waterfront: No
  • Patio and Porch Features: Covered, Enclosed, Front Porch, Rear Porch, Screened
  • Road Surface Type: Asphalt
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: Yes
  • Garage Yn: No

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Electric, Heat Pump, Ductless
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Individually Metered: Electric

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: MF-22
  • Parcel Number: 24-28-19-234500-001030
  • Additional Parcels: No
  • Lot Features: Corner Lot, Historic District, City Limits, Paved
  • Lot Dimensions: 55x140
  • Flood Zone Code: X

Rental Info

  • Lease Restrictions YN: 0

Multi Family

  • Gross Income: 70625
  • Number Of Units Total: 6
  • Total Num Buildings: 2
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 4206.18
  • Tax Block: A
  • Tax Book Number: 2-119
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2025
Closed on
Sep 30, 2025
Sold by
Hull Stephen Craig
Bought by
Lakeland Historic Properties Llc
Seller's Agent
Anthony Fridovich
REMAX EXPERTS
Buyer's Agent
Natalie Oldenkamp
BHHS FLORIDA PROPERTIES GROUP
List Price
$825,000
Sold Price
$725,000
Premium/Discount to List
-$100,000
-12.12%
Views
86
Current Estimated Value
$648,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$76,234
Avg. Annual Appreciation
-21.88%
Original Mortgage
$615,000
Outstanding Balance
$614,453
Interest Rate
6.58%
Mortgage Type
Seller Take Back
Estimated Equity
$34,305

Purchase Details

Closed on
Jan 3, 2001
Sold by
Studiale Jim C and Studiale Ann M
Bought by
Hull Stephen C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.75%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $725,000 None Listed On Document
Warranty Deed $150,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $615,000 Seller Take Back
Previous Owner $135,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2025 09/30/25 Sold $725,000 -12.1% $143 / Sq Ft
08/15/2025 08/15/25 Pending -- -- --
06/07/2025 06/07/25 For Sale $825,000 0.0% $163 / Sq Ft
10/25/2022 10/25/22 Rented $1,095 0.0% --
10/11/2022 10/11/22 Under Contract -- -- --
10/01/2022 10/01/22 For Rent $1,095 +4.3% --
07/24/2021 07/24/21 Rented $1,050 -4.1% --
07/06/2021 07/06/21 Under Contract -- -- --
07/02/2021 07/02/21 Price Changed $1,095 -4.8% $1 / Sq Ft
06/25/2021 06/25/21 For Rent $1,150 0.0% --
06/25/2021 06/25/21 Off Market $1,150 -- --
Source: Stellar MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,206 $169,737 -- --
2024 $3,217 $154,306 -- --
2023 $3,217 $140,278 -- --
2022 $2,959 $127,525 $0 $0
2021 $2,825 $115,932 $0 $0
2020 $2,009 $105,393 $25,720 $79,673
2018 $2,122 $107,897 $25,720 $82,177
2017 $2,064 $104,921 $0 $0
2016 $1,968 $98,534 $0 $0
2015 $1,905 $93,622 $0 $0
2014 $1,739 $92,409 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: L4953575

Stellar MLS

APN: 24-28-19-234500-001030

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