118 S Waterloo Avenue , Lakeland, FL 33801

$535,000
  • 118 S Waterloo Avenue , Lakeland, FL 33801 Main Photo

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New to the Market Active
BEDS4 BATHS2 full SQUARE FEET2,412 MLS#L4965853
STATUSActive PROPERTY TYPEResidential - SUBDIVISIONNICHOLS & WARING OR OZONE PARK

Property Description

RARE OPPORTUNITY IN THE HEART OF DOWNTOWN LAKELAND! Historic charm meets investment potential in this distinctive 1917 duplex offering approximately 2,412 square feet per public records, multi-family zoning, and NO HOA! Whether you're looking to expand your investment portfolio or live in one unit while renting out the other, this property offers exceptional versatility in a sought-after downtown location.Built with cedar wood framing, this charming property features two separate living units. The first-floor unit offers 2 bedrooms, 1 bathroom, beautiful real wood flooring, a kitchen with granite countertops, and a flexible bonus space with a washer and dryer, ideal for a family room, home office, or hobby area. The second-floor unit features 1 bedroom, 1 bathroom, and an additional multipurpose room, offering flexibility to suit a variety of needs. The upstairs unit also has its own gas and electric meters.Step outside and discover one of this property's standout features: a spacious covered deck designed for outdoor living and entertaining! The outdoor kitchen features a farmhouse-style sink, cabinetry, a built-in grill, and a wine cooler, with the grill and wine cooler INCLUDED IN THE SALE! Whether hosting weekend gatherings or simply enjoying a quiet Florida evening, this inviting outdoor space is sure to impress. The front yard showcases distinctive landscaping with decorative stone and a variety of succulents, creating beautiful curb appeal with minimal lawn maintenance.Additional highlights include a NEW ROOF installed in April 2025 and a first-floor water heater approximately 6 years old.And let's talk about LOCATION! Just a short walk from scenic Lake Mirror, the beautiful 1.2-acre Hollis Garden, The Joinery artisan food hall, and Downtown Lakeland's vibrant selection of restaurants, shops, and entertainment. Enjoy the convenience of having some of the city's most popular destinations right outside your door!BOTH UNITS WILL BE DELIVERED VACANT AT CLOSING, allowing the next owner the flexibility to move in, lease the units, or explore other permitted uses. With NO HOA, historic character, and an unbeatable downtown location, this is a unique opportunity you won't want to miss! Schedule your private showing today. Buyer and buyer's agent to verify square footage, measurements, zoning, and intended uses.

118 S Waterloo Avenue | MLS# L4965853

This home located at 118 S Waterloo Avenue , Lakeland, FL 33801 is currently listed for sale with an asking price of $535,000. This property was built in 1917 and has 4 bedrooms and 2 full baths with 2412 sq. ft. S Waterloo Avenue is located in the NICHOLS & WARING OR OZONE PARK subdivision. Search NICHOLS & WARING OR OZONE PARK real estate on www.floridaexecutiverealty.com today.

Property Features

Property Type: Residential -
Cooling: Central Air, Wall/Window Unit(s)
Heating: Central
Home Style: Contemporary
Lot Size: 0.14 Acres
Roof Type: Shingle
Taxes: $1,468
Year Built: 1917

Amenities

Ceiling Fans(s)
Outdoor Grill
Outdoor Kitchen
Sidewalk

Feature Descriptions

Additional Rooms: Bonus Room
Appliances: Electric Water Heater, Gas Water Heater, Range, Refrigerator
Days on Site: 1
Directions: N. Lake Parker, Right on Main, Left on Waterloo
Exterior: Stucco, Frame
Flood Zone Code: X
Flooring: Ceramic Tile, Wood
Foundation: Crawlspace
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA
Lot: City Limits
Lot Dimensions: 0.14
Ownership: Fee Simple
Parking: Parking Pad
Parking Notes: Parking Pad
Patio/Porch: Covered, Deck, Patio, Porch, Rear Porch
Property Attached Y/N: No
Property Sub-Type: Half Duplex
Sewer: Public Sewer
Showing Instructions: See Remarks, Text List Agent, ShowingTime
Special Sale Provisions: None
Utilities: Natural Gas Connected, Sewer Connected
Vegetation: Trees/Landscaped
Water: Public
Water Access Y/N: No
Zoning: MF22

Listed By / Shown By

Listed By

Agency Name: TFP FLORIDA REALTY LLC
Agency Contact: 863-337-9667

Shown By

Agency Title: Florida Executive Realty
Agency Phone: 813-908-8500

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Estimated Payment

$ 1,469.05 per month $1,190.68 Principal & Interest $122.33 Property Tax $156.04 Homeowner's Insurance

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