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HISTORIC 2BED/1BATH BUNGALOW WITH 2BED/1BATH BACK HOUSE! Nestled in the highly sought-after South Lake Morton Historic District, this charming 1920s bungalow offers a rare opportunity to own a piece of Lakeland history—complete with a fully equipped potential income-producing back house! The main house features 2 beds/1 bath and 972 sq. ft. of timeless character, highlighted by original pine wood flooring throughout. An updated kitchen blends classic charm with modern convenience, showcasing shaker-style cabinetry, a full appliance suite, and space for an eat-in bar. The bathroom stands out with elegant marble flooring, stylish modern vanity, a tub-shower, and thoughtfully positioned between the two bedrooms. An inviting enclosed front porch expands the living space allowing room for a flex area, and an interior laundry closet adds everyday convenience. Positioned above the garage, the detached back house offers an additional 2 bedrooms, 1 bathroom, and 672 sq. ft. —perfect for rental income, multigenerational living, or a private guest retreat. Each building is fully independent with separate electric, water, and gas utilities, as well as individual washer and dryers and two dedicated parking spaces per residence. Surrounded by lush landscaping and a canopy of mature oak trees, the property’s curb appeal is as inviting as its interior. Enjoy views of picturesque East Park Street, just moments from Lakeland favorites like Born & Bread Bakehouse, Concord Coffee, and Black & Brew, as well as the nearby library and vibrant downtown Lakeland! Perfectly positioned between the scenic shores of Lake Hollingsworth and Lake Morton, this versatile property is ideal as a primary residence with rental income, a dual-income investment, or even potential short-term rental opportunity. Don’t miss your chance to own this unique and flexible historic property in one of Lakeland’s most beloved neighborhoods!
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Our Executive Mortgage Banker:
Our Insurance Division:
$415,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $332,000 | $332,000 | $332,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.275% | 6.410% | 5.595% |
| Monthly Tax Payment | $371 | $371 | $371 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,937 | $2,044 | $2,691 |
| Total Monthly Payment | $2,383 | $2,490 | $3,137 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.