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Lake Wales,FL 33853
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,123 sqft
Price per Sqft $194
Subdivision Lake Wales Land Co Sub
MLS Listing ID O6234192
Bedrooms 15
HOA Y/N No
Originating Board Stellar MLS
Year Built 1950
Annual Tax Amount $1,556
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 114x134
Property Description
Amazing opportunity to expand your real estate holdings in fast-growing central Florida. Lake Wales is among the most robust and exciting cities for investment opportunities, with the city and surrounding Polk County expanding rapidly. This 8-plex is always at capacity in a single-story, single building complex. The major systems of the home have all been recently upgraded. The roof is BRAND NEW, along with the sewer line and many windows. Complex was completely remodeled with electric and plumbing in 2022, and has provided steady cash flow. Complex is built to last with concrete block exterior construction on a concrete foundation, not raised. Tenants pay for their own electric and water, so expenses are minimal. Low property taxes and 1031 exchange opportunity.
Location
State FL
County Polk
Community Lake Wales Land Co Sub
Zoning R-3
Interior
Interior Features Open Floorplan
Heating Electric
Cooling Wall/Window Unit(s)
Flooring Tile
Fireplace false
Appliance Convection Oven,Electric Water Heater,Refrigerator
Laundry Electric Dryer Hookup,Washer Hookup
Exterior
Exterior Feature Courtyard
Utilities Available Cable Connected,Electricity Connected,Sewer Connected,Water Connected
Roof Type Shingle
Porch Covered,Front Porch,Rear Porch
Garage false
Private Pool No
Building
Lot Description Corner Lot,Paved
Entry Level One
Foundation Block
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None