701 E Lime St Lakeland, FL 33801
Downtown Lakeland NeighborhoodEstimated payment $4,747/month
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
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
Listing Agent
REMAX EXPERTS Brokerage Phone: 863-802-5262 License #251527 Listed on: 06/07/2025
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
- 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
Map
Home Values in the Area
Average Home Value in this Area
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 | $0 | $0 |
| 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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $150,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $160,000 | New Conventional | |
| Closed | $135,000 | No Value Available |
Source: Stellar MLS
MLS Number: L4953575
APN: 24-28-19-234500-001030
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
- 838 E Lime St
- 705 Stokely Ln
- 737 Johnson Ave
- 945 E Orange St
- 510 S Ingraham Ave
- 746 Mississippi Ave
- 817 College Ave
- 507 Francis Blvd
- 817 South Blvd
- 939 Lexington St
- 540 Francis Blvd
- 712 S Missouri Ave
- 542 S Clayton Ave
- 727 S Missouri Ave
- 731 S Missouri Ave
- 716 S Franklin Place
- 825 S New York Ave
- 1000 Pennsylvania Ave
- 821 Hollingsworth Rd
- 705 Gilmore Ave