Property Description:
This 1,327 sq ft 3-bed, 1-bath frame home sits on a double lot totaling 14,945 sq ft in Lakeland’s 33803 zip. Built in 1957, the property includes a 396 sq ft CBC detached garage with carport and shed, plus a metal roof from 2019, a/c from 2022, and a septic tank replaced ~7 years ago. Interior is dated but structurally solid, offering a prime opportunity to update finishes or reconfigure to add a second bathroom and maximize value. The lot provides ample room for expansion or outdoor enhancements.
🛠️ Dated Interior – Major Systems Updated
The home needs a full cosmetic overhaul including flooring, kitchen and bath updates, paint, fixtures, and lighting. Adding a second bathroom is feasible within the current footprint to increase resale value. Mechanical systems are in good condition with metal roof, newer HVAC, and septic minimizing capex risk. Includes post-occupancy through 08/18/2025 with a $7,000 holdback, closing scheduled for 07/18/2025.
🔴 Recently Sold
· 2835 Eaton Ave – 1,052 sq ft, 2/1, sold for $175K ($166/sq ft) – dated interior, smaller lot
· 2743 Fletcher Ave – 992 sq ft, 3/1, sold for $210K ($212/sq ft) – updated interior, similar age, smaller footprint
· 2808 Fletcher Ave – 1,100 sq ft, 3/2, sold for $236,500 ($215/sq ft) – updated, smaller size, extra bath
· 2907 Ellis Ave – 1,368 sq ft, 3/1, sold for $230K ($168/sq ft) – dated interior, similar size
This property is priced at just $179,000 — $135/sq ft — well below the comp average of $190–$215/sq ft. As a 3/1, ARV estimates range $250K–$260K accounting for the double lot premium and major system updates. Converting to a 3/2 could raise ARV to $285K–$300K, aligning with the strongest local sales. For investors seeking a cosmetic flip with structural confidence and expansion potential, this oversized lot and updated mechanicals make it a strategic acquisition in a stable Lakeland submarket.