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$725,000
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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
Full Property Details
Full Property Details for 701 E Lime St
General
- Sold For: $725,000
- Taxes: $4,206 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MidFloridaRegionalMLS
- MLS ID: L4953575
- Added to Site: 225 day(s) ago
Interior
- Interior Features: Ceiling Fan(s)
- Appliances: Electric Water Heater, Range, Range Hood, Refrigerator, Tankless Water Heater
- Flooring: Ceramic Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 6
Bedrooms
- Total Bedrooms: 6
Other Rooms
- Laundry: Laundry Room
Exterior
- Exterior Features: Balcony
- Deck/Patio: Covered, Enclosed, Front Porch, Rear Porch, Screened
- Porch/Patio/Deck: Covered, Enclosed, Front Porch, Rear Porch, Screened
Parking
- Carports: Yes
- Carport: 4
- Carport Spaces: 4
- Covered Spaces: 4
Location
- Area: 33801 - Lakeland
- County: Polk
- Development Name: 33801 - Lakeland
- Subdivision: MATHIS H J ADD 01
- Driving Directions: In Lakeland take South Florida Avenue to Lime Street. Turn east on Lime St to Indiana Ave. Property is located on the SE corner. Indiana Ave is a one way street - you cannot turn onto it.
Community
- Community Name: 33801 - Lakeland
Heating & Cooling
- Cooling Type: Central Air, Wall/Window Unit(s)
- Heating Type: Central, Electric, Heat Pump, Wall Units / Window Unit
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable TV Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Connected
Structural Information
- # Buildings: 2
- Exterior Const.: Asbestos
- Roof: Shake
- Stories/Levels: One
- Square Feet: 5,060
- Sq. Ft. Source: Public Records
- Living Area: 5,060 Sq. Ft.
- Year Built: 1927
Lot Features
- Property View: City
- Lot Size (Acres): 0.18
- Lot Size (Sq. Ft.): 7,793
- Lot Size: 7793
- Lot Dimensions: 55 x 140
- Frontage: Street Paved
- Street/Road Desc.: Paved, Asphalt
Financial Considerations
- Tax Amount: $4,206.18
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: H J MATHIS 1ST ADD PB 2 PG 119 BLK A LOT 3 LESS ADD'L R/W FOR RD
- Flood Zone Info: X
- APN: 242819234500001030
- Property ID: 242819234500001030
- Block/Lot/Section: A
Listed by Remax Experts
Sold by Bhhs Florida Properties Group
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Schools
Schools serving 701 E Lime St
School District:Polk County School District
| Name | Grades | Distance |
|---|---|---|
Philip O'brien Elementary School 1225 East Lime Street, Lakeland, FL 33801 | PK-5 | 0.7 mi |
Sleepy Hill Middle School 2215 Sleepy Hill Road, Lakeland, FL 33810 | 6-8 | 4.5 mi |
Lakeland Senior High School 726 Hollingsworth Road, Lakeland, FL 33801 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 701 E Lime St
Date
Details
Price
Change
Source
9/30/2025
Sold
$725,000
-12.12%
MLS
6/07/2025
Listed
$825,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
701 E Lime Street, Lakeland, FL 33801 (MLS# L4953575) is a Multi-Family property that was sold at $725,000 on September 30, 2025. Want to learn more about 701 E Lime Street? Do you have questions about finding other Multi-Family real estate for sale in Lakeland? You can browse all Lakeland real estate or contact a Coldwell Banker agent to request more information.

