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1049 MONROE STREET

House Active With Contract
$399,900

BTC: 4.99875000

ETH: 163.29113924

-$50K (2026/07/14)
50 days
6 bds
5 ba
3,204 sqft

Overview

Under contract-accepting backup offers. Owner Financing Available!! Priced $25k below appraised value, copy available---Rare opportunity to own a charming historic property with built-in income potential in the heart of Lakeland! The main residence offers 1,981 square feet of living space with 3 bedrooms and 2 bathrooms, showcasing the timeless character and craftsmanship of its 1930 construction. Major updates include a new roof in 2017 and HVAC system in 2018, providing added peace of mind. What truly sets this property apart is the detached income-producing building located on the same parcel. The upstairs is a rentable unit with, a separate entrance leads to a 2-bedroom, 1-bath apartment offering 662 square feet. Whether you're looking to offset your mortgage, generate additional monthly income, accommodate extended family, or expand your investment portfolio, the possibilities are endless. Live comfortably in the main home while collecting rental income from both apartments from day one. Unique properties offering historic charm, multiple rental units, and immediate income potential are hard to find—don't miss this exceptional Lakeland opportunity!

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1925
Lot:
0.34 Acres
Heating:
Central / Electric
Price/sqft:
$125
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$6,705
2025
Pets
Allowed
All facts and features
  • Flooring

    • Ceramic Tile

    • Hardwood

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Range

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    • PrimaryBedroom Upstairs

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 6

    • Full bathrooms: 5

  • Property

    • Levels: Two

    • Exterior Features: Private Entrance / Sidewalk

    Lot

    • Lot: 0.34 Acres

    Other Property Information

    • Parcel Number: 242819216500001020

    • Zoning: RA-4

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Available

    • Electricity Connected

    • Sewer Connected

  • Other financial information

    • Annual tax amount: $6,706

  • Source details

    • MLS ID: O6419909

    Other facts

    • Construction Materials: Wood Frame

    • Foundation Details: Crawlspace

    • Fireplace Features: Wood Burning

    • Laundry Features: Laundry Closet

    • Patio And Porch Features: Covered / Enclosed / Front Porch

    • Window Features: Blinds

    • Direction Faces: West

    • Architectural Style: Historical

    • Fireplace: Yes

    • Living Area: 3204

    • Water Source: Public

    • Lot Size Dimensions: 115 x 128

    • Subdivision Name: AVALON PARK

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RE/MAX 200 REALTY