1040 S OHIO AVE Lakeland, FL 33803
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $269
Subdivision Dixieland Rev
MLS Listing ID P4938786
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1925
Annual Tax Amount $3,855
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 70x100
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
One of the home's most distinctive features is a custom-built secret library door that discreetly separates the main residence from a private guest suite while maintaining convenient access to the shared laundry area. The former half bath has been expanded into a full bathroom, giving both living spaces added privacy and functionality. The guest suite has its own separate entrance, making it ideal for a monthly rental, Airbnb/short-term rental, guest quarters, roommate arrangement, or multigenerational living.
The property's income potential is more than theoretical—the space has previously generated approximately $1,295 per month as a monthly rental, while its short-term rental use generated even higher income, offering an investor multiple strategies for maximizing cash flow depending on market conditions and rental preferences.
The front door opens to a fully screened front porch with solid flooring, while the rear of the home features a spacious covered deck overlooking the private backyard—perfect for entertaining guests or creating an attractive outdoor area for rental occupants.
Adding even more potential, the property includes a fully renovated and permitted detached office/studio building. This versatile bonus structure can be used as a home office, creative studio, private workspace, or potentially additional guest accommodations, subject to applicable regulations. Plumbing was installed and remains available for future expansion, although it is currently capped. A covered patio beside the structure provides additional flexibility as a potential carport, outdoor entertaining area, or shaded retreat. A hidden outdoor shower and discreet storage shed add even more functionality.
Recent improvements include a new HVAC system with central air conditioning installed in 2024 and a heavy-duty washer and dryer added in 2025. Extensive landscaping improvements have reopened fenced areas, enhanced privacy, and created attractive, usable outdoor spaces. Ample parking further adds to the property's appeal for both occupants and potential rental guests.
With an effective year built of 2015 and numerous meaningful updates, this property presents an unusual combination of character, flexibility, and income potential in the desirable Dixieland area. Live in the main residence while using the private suite as desired for income or otherwise, utilize the entire property as a flexible investment. With multiple spaces, separate access, a detached studio, and a proven rental history, this is a property designed to work for you, whatever your needs may be!
Location
State FL
County Polk
Community Dixieland Rev
Area 33803 - Lakeland
Zoning RA-4
Rooms
Other Rooms Bonus Room, Den/Library/Office, Family Room, Florida Room, Interior In-Law Suite w/Private Entry
Interior
Interior Features Built-in Features, Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Thermostat, Walk-In Closet(s), Window Treatments
Heating Central
Cooling Central Air
Flooring Carpet, Laminate, Tile
Furnishings Partially
Fireplace false
Appliance Convection Oven, Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Ice Maker, Microwave, Range Hood, Refrigerator, Tankless Water Heater, Washer
Laundry Laundry Room
Exterior
Exterior Feature Lighting, Outdoor Shower, Private Entrance, Private Yard, Rain Gutters, Storage
Parking Features Alley Access, Covered, Driveway, Open
Fence Board, Fenced, Wood
Community Features Street Lights
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected
View Y/N No
Water Access No
Roof Type Shingle
Porch Covered, Deck, Front Porch, Screened
Exposure West
Garage false
Private Pool No
Building
Lot Description Historic District, City Limits, Street Brick
Story 1
Entry Level One
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Architectural Style Florida, Patio Home
Unit Floor 1
Structure Type Frame,Wood Siding
New Construction false
Schools
Elementary Schools Dixieland Elem
Middle Schools Southwest Middle School
High Schools Lakeland Senior High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, Other, VA Loan
Listing Terms Cash, Conventional, FHA, Other, VA Loan
Special Listing Condition None
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