118 S WATERLOO AVE, LAKELAND, FL, 33801
$535,000
Residential
Bedrooms
4
Bathrooms
2
Living Area
2,412 Sqft
Lot Size
6,098 Sqft
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.
Property Details
Property Features Property Features
MLS ID: MFRL4965853 Year Built: 1917
Appliances: Electric Water Heater, Gas Water Heater, Range, Refrigerator Architectural Style: Contemporary
Construction Materials: Stucco, Frame Cooling: Central Air, Wall/Window Unit(s)
Country: US County Or Parish: Polk
Direction Faces: West Exterior Features: Outdoor Grill, Outdoor Kitchen, Sidewalk
Flooring: Ceramic Tile, Wood Foundation Details: Crawlspace
Furnished: Unfurnished Heating: Central
Laundry Features: Inside Levels: Multi/Split
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional, FHA
Lot Features: City Limits Occupant Type: Owner
Parking Features: Parking Pad Patio And Porch Features: Covered, Deck, Patio, Porch, Rear Porch
Property Sub Type: Half Duplex Property Type: Residential
Road Surface Type: Asphalt Roof: Shingle
Sewer: Public Sewer Showing Requirements: See Remarks, Text List Agent, ShowingTime
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Natural Gas Connected, Sewer Connected
Vegetation: Trees/Landscaped Water Source: Public
Rooms Rooms
Living Room: Primary Bedroom:
Kitchen:
We love to hear from you