$399,950

Features:
  • 8 Bedrooms
  • 4 Bathrooms
  • 2668 sq ft
Overview
  • ID: MFRL4957393
  • Bedrooms: 8
  • Bathrooms: 4
  • Size: 2668 sq ft
Property Details
Remarks
Introducing 224 C street in the tranquil, fast growing city of Lake Wales. This 4-plex offers a steady and reliable source of income, complete with existing tenants. Each of these 2 bedroom one bath units have been recently COMPLETELY REMODELED. Investors will appreciate the immediate cash flow and associated peace of mind. The building offers low maintenance vinyl siding and ALL TENANTS PAY THEIR OWN UTILITIES. A NEW ROOF RATED AT 160 MPH was installed in March, 2024. Each unit rents from $ 1000 to $ 1200/month. So whether you are an experienced investor looking to expand your portfolio or a novice seeking a rliable investment, this property is a testament to the wisdom of real estate ownership in Lake Wales. Also, this property is an excellent addition to any 1031 exchange package. Don't miss this opportunity. Listiing broker has a financial interest in this listing.
Financial Considerations
Price:
$399,950
HOA Fee:
N/A
Tax Amount:
$3064.65
Price per SqFt:
$149.91
Tax Legal Description:
POLK COUNTY PARCEL 272935879000003142 WITH LEGAL TO FOLLOW AT CLOSING
Exterior Features
Lot Size:
6384
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
8
Bathrooms:
4
Heating:
Electric
Cooling:
Wall/Window Unit(s)
Appliances:
Range, Range Hood, Refrigerator
Furnished:
No
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1947
Construction Type:
Vinyl Siding, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony
Additional Features 2:
N/A
Map
  • Address
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