1642 Athens Street, Lakeland, FL 33803

Listing Snapshot

About This Home

Short Sale subject to lender approval. Rare value-add opportunity offering 3,700+ sq ft under roof on an approximately 0.41-acre lot in Lakeland.Property is sold as-is and requires only kitchen and plumbing updates. To repair the kitchen plumbing, the estimate is $825. Buyer to verify all renovation budgets and feasibility. Recent improvements completed in 2023 include 18 new windows,updated appliances,luxury vinyl plank flooring, and a new septic tank and drain field. Energy-efficient systems include 28 paid-off solar panels, a solar water heater, a solar attic fan, and a Generac whole-home generator with a 250-gallon propane tank, recently serviced and capable of powering the property for up to one week, a whole-home water softener/filtration system, and a UV air purification system. The home layout includes multiple living areas,a sunroom,two garages,and an oversized shed, offering flexibility for operational or reconfiguration purposes.No HOA.Convenient access to major highways,hospitals,and shopping.The size, layout, and lot configuration present potential for income-producing or business-use strategies,including group housing,transitional housing,assisted living–style operations,or other permitted uses, subject to zoning,licensing, and buyer due diligence. Investor Special / Business Opportunity in the Heart of Lakeland – Short Sale Pending Lender Approval!This spacious 4-bedroom, 2-bath home offers over 3,700 sq ft under roof on nearly half an acre, providing incredible flexibility for investors, assisted living operators, and sober living professionals alike.The property is being sold as-is and requires updates, including a full kitchen renovation due to prior water damage, A/C repair, toilet repairs, and closet area water damage remediation.Despite the needed repairs, this home has already undergone extensive upgrades that add tremendous long-term value. Recent improvements include 18 new windows (2023), luxury vinyl plank flooring (2023), fresh interior and exterior paint (2023), and a new septic tank and drain field (2023). The home is highly energy-efficient with 28 paid-off solar panels, a solar water heater, solar attic fan, and a Generac home generator with a 250-gallon propane tank capable of powering the property for up to one week. Additional features include a metal roof (2015), home water softener and filtration system, UV light air purification system, irrigation system, and leaf-filter gutter guards.This property’s flexible zoning and no HOA restrictions make it ideal for assisted living, sober living, transitional housing, or multi-tenant rentals. The expansive layout includes multiple common areas, a large open family room, and bonus spaces such as a game room, enclosed sunroom, and two attached garages, plus an oversized storage shed large enough for a motor home. The 0.41-acre lot allows for outdoor enhancements, additional parking, or expansion.The home’s location provides excellent proximity to medical facilities, major highways, shopping, dining, and essential services, making it a prime option for care-based or shared-housing operations. With over 2,887 sq ft of living space, paid-off solar, and a growing demand for affordable and specialized housing in Lakeland, this property presents an exceptional opportunity to generate strong cash flow and long-term returns.Important Note: This property is going through a short sale and is pending lender approval, making it an ideal opportunity for investors looking for a high-potential acquisition.This property provides a rare combination of space, adaptability, and income potential. Opportunities like this are rare—schedule your showing today and explore how this versatile property can support your next investment or business venture!

General Features

Property Type

Residential

Sub-type

SingleFamilyResidence

Stories

1

Direction Faces

South

Attached Garage

Yes

Garage Spaces

1

Parking

Attached,Boat,Driveway,Garage,RvAccessParking

Zoning

RA-3

Subdivision

WAVERLY PLACE RESUB PB 28

Interior Features

Appliances

Dryer,Refrigerator,Washer

Flooring

Vinyl

Heating

Central

Cooling

CentralAir

Interior Features

BuiltInFeatures,BedroomOnMainLevel,EatInKitchen,FamilyDiningRoom,LivingDiningRoom,Other

Window Features

Blinds

Furnished

Unfurnished

Exterior Features

Construction

Block

Exterior Features

OutdoorLivingArea,RoomForPool

Roof

Metal

Patio / Porch

Patio

Pool

No

View

Garden

Waterfront

No

Community Features

Association Amenities

None

MLS Area

5940 - Other Florida County

Schools

Map

Virtual Tour