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.
Financial Considerations
Price:
$800,000
HOA Fee:
N/A
Tax Amount:
$1556
Price per SqFt:
$194.03
Tax Legal Description:
LAKE WALES LAND CO SUB PB 5 PG 11 BLK 3 LOTS 17 & 18
Exterior Features
Lot Size:
15355
Lot Features:
Corner Lot, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
15
Bathrooms:
9
Heating:
Electric
Cooling:
Wall/Window Unit(s)
Appliances:
Convection Oven, Electric Water Heater, Refrigerator