Active

$850,000

Features:
  • 12 Bedrooms
  • 7 Bathrooms
  • 4466 sq ft
Overview
  • ID: MFRL4957773
  • Bedrooms: 12
  • Bathrooms: 7
  • Size: 4466 sq ft
Property Details
Remarks
Discover an outstanding investment opportunity in the heart of Lake Wales! This 7-unit multifamily property offers strong rental income, solid occupancy, and multiple recent upgrades that make it a turnkey addition to your portfolio. The property features five 2-bed/1-bath units and two 1-bed/1-bath units, providing a versatile mix ideal for long-term tenants. Several major improvements have already been completed, including new roofs and some newer A/C systems, giving peace of mind and reducing upcoming maintenance costs. One of the standout benefits of this property is the large onsite storage area, offering excellent potential for expansion or value-add opportunities. Whether you’re looking to increase income with additional storage rentals or reconfigure the space for future improvements, the options are there. Located close to schools, shopping, dining, and major roadways, tenants enjoy convenience and strong accessibility—helping keep occupancy consistently high. Investor Highlights: • 7 rental units (5× 2/1 + 2× 1/1) • New roofs & some newer A/C units • Strong existing cash flow • High occupancy history • Expansion potential for storage area • Centrally located with steady rental demand This is the kind of multifamily property that rarely hits the market—stable, improved, and packed with upside. Don’t miss your chance to secure a high-performing asset in one of Central Florida’s growing markets!
Financial Considerations
Price:
$850,000
HOA Fee:
N/A
Tax Amount:
$3028
Price per SqFt:
$190.33
Tax Legal Description:
LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 42 LOT 4
Exterior Features
Lot Size:
11234
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Membrane, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
12
Bathrooms:
7
Heating:
Electric
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1920
Construction Type:
Vinyl Siding, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
None, Storage
Additional Features 2:
N/A
Map
  • Address
    434 E TILLMAN AVE
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