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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 2,528 sqft
Price per Sqft $118
Subdivision Lake Wales Land Co Resub
MLS Listing ID A4662599
Bedrooms 10
HOA Y/N No
Year Built 1960
Annual Tax Amount $2,115
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
Situated directly across from Janie Howard Wilson Elementary, this concrete block property presents an exceptional investment opportunity with significant income potential. Offering 10 bedrooms, 2 bathrooms, 2 kitchens, and an office space, the layout is ideal for generating strong cash flow through rental income with multi-tenant, single bedroom leasing. The property features an 8 year old metal roof, several replaced windows, and the bedrooms that have been updated over the years. In addition, there is storage space at the back of the property that used to be a store front, but could be converted into rentable storage units or additional rooms to maximize returns. Much of the heavy lifting has already been done, and with targeted improvements, this property has the ability to become a high-performing income-producing asset. Call today to schedule a walk-through and explore the possibilities.
Location
State FL
County Polk
Community Lake Wales Land Co Resub
Area 33853 - Lake Wales South
Zoning R-3
Interior
Interior Features Built-in Features
Heating None
Cooling Wall/Window Unit(s)
Furnishings Negotiable
Fireplace false
Laundry None
Exterior
Exterior Feature Storage
Parking Features Driveway,Off Street,On Street,Open
Utilities Available Electricity Connected,Sewer Connected,Water Connected
View City
Roof Type Metal
Garage false
Private Pool No
Building
Lot Description Level
Foundation Block,Concrete Perimeter
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
New Construction false
Schools
Elementary Schools Janie Howard Wilson Elem
Middle Schools Frostproof Middle Se
High Schools Frostproof Middle - Senior High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None