Residential Property - Single Family Residence in Lakeland
Listing Price: $250,000 (Mortgage Calculator →)
Description of Property
Two units. Two income streams. Zero downtime. Welcome to 1718 Lavon Street, a fully renovated 1940 bungalow tucked beneath mature live oaks in Lakeland’s growing Midtown district. Rich with historic charm and thoughtfully updated, this property blends timeless character with immediate income-producing potential. Inside the main residence, the original wood-burning fireplace anchors the living space while modern finishes create a clean, updated feel throughout. The kitchen features white shaker cabinetry, new countertops, stainless steel appliances, matte black fixtures, and vinyl plank flooring. The renovated bath showcases large-format tile and a wood-tone vanity. The flexible layout includes two rooms plus a bonus room with interior laundry, covered carport access, and a large fully fenced backyard. What truly sets this property apart is its proven dual-income opportunity. The primary home currently operates as a successful short-term rental with average gross earnings of $24,673 over 11 months ($2,243/month average). The detached 1-bedroom guest house, built in 2020, is separately leased for $750/month with an active tenant already in place. Both units occupied at time of listing. Sold fully furnished with transferable Airbnb listing and future bookings, this is a rare turnkey opportunity with no ramp-up period, furnishing expense, or vacancy gap to absorb. Income begins immediately. Located in the City of Lakeland Midtown CRA, just minutes from Lakeland Regional Health, Joker Marchant Stadium, downtown Lakeland, dining, shopping, and entertainment. Convenient access to I-4 places the property centrally between Tampa and Orlando, making it attractive for commuters, travelers, and short-term rental demand alike. Lakeland’s continued growth and central Florida location make this an excellent opportunity for investors and owner-occupants alike.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Lakeland
County: Polk
Subdivision: Kenilworth Sub
Bedrooms: 3
Bathrooms: 1
Sq. Ft. Gross: 1,307
Sq. Ft. Living Area: 889
Cost per (heated) sqare foot: $281
Year built: 1940
Annual Tax: $2,853
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Washer
Fireplace: Yes
Fireplace Features: Wood Burning
Window Features: Shades
Additional Rooms: Den/Library/Office
Flooring: Vinyl
Schools
Elementary School: Griffin Elem
Middle/Junior High School: Kathleen Middle
High School: Kathleen High
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Architectural Style: Other
Construction: Vinyl Siding
Foundation: Other
Roof: Shingle
Exterior Features: Sidewalk
Carport: Yes
Carport Spaces: 1
Parking Features: Other
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Other Structures: Other
View: Garden
Fencing: Wood
Sewer: Septic Tank
Water Source: Public
Lot Information
Lot Features: Sidewalk
Lot Size (acres): 0.17
Lot Size (sq. ft.): 7,410 square feet
Lot Dimensions: 60 x 142
Road Frontage: Street Paved
Front Exposure: North
Legal Description & Other Information
Parcel Number: 232811029500002250
Zoning: RA-3
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: KENILWORTH SUB PB 9 PG 6 BLK 2 LOT 25 & E 2 FT OF 24
Section: 11
Range: 23
Listing courtesy of FIRST ADVISORY REAL ESTATE LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.