Investor Alert! Great income producing investment property in the heart of Lake Wales currently providing $ 54,900.00 of annual income! 4 rental units on the premises including the main residence that offers a 3 bedroom 2 bath refurbished 1923 craftsman style bungalow. There are two separate free standing buildings at the rear of the property that includes 2 bedrooms & 1 bath, and 1 bedroom and 1 bathroom. There is also an apartment on the back of the main residence which offers a 1 bedroom and 1 bath. All units have separate meters for electric and water. All units other than the main residence have window ac units. This property also includes the adjacent green-space on the property next to the main residence and fronts Central Avenue which has potential to add additional rental units. Location allows quick access to downtown restaurants , grocery stores, schools, and one block to the lake and park to enjoy. Ample parking for all tenants. All units are on annual leases with an opportunity to increase rates to market value. Measurements include all 4 units square footage and are approximate therefore not exact. Don't let this great opportunity pass. By appointment only. Preferred afternoon showings due to night shift of tenants.
MLS# | P4931739 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | For-sale |
Status | Active |
Year | 1923 |
Days On Site | 21 |
Listing Provided By | FLORIDA REALTY INVESTMENTS | Shawn Tingle |
Bed(s) | 7 |
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Bath(s) | 5 |
SQ Feet | 3,728 |
Story(s) | 1 |
Units | 4 |
Zoning | R-2 |
Acreage | 0.41 |
State | FL |
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County | Polk |
City | LAKE WALES |
Zip Code | 33853 |
Area | 33853 Lake Wales South |
Community Name | LAKE WALES |
School District | Lake Wales Senior High |
Elementary School | Spook Hill Elem |
Middle School | Mclaughlin Middle |
High School | Lake Wales Senior High |
Listing VS Median (in LAKE WALES) | |
Price: $550,000 low | high Med: $235,000 SqFt: 3,728 low | high Med: 1,522 $ / SqFt: $148 low | high Med: $154 On Site: 21 low | high Med: 170.000000 |