Active

$449,000

Features:
  • 6 Bedrooms
  • 6 Bathrooms
  • 2880 sq ft
Overview
  • ID: MFRO6368979
  • Bedrooms: 6
  • Bathrooms: 6
  • Size: 2880 sq ft
Property Details
Remarks
Exceptional Investment Opportunity in Lake Wales Presenting a prime income-producing property located at 107 A Street, perfectly positioned in the heart of Lake Wales. This versatile multi-family asset features a total of six units, all designed as efficient one-bedroom residences, offering a steady and reliable stream of income. With a total heated area of 2,880 square feet, this building is situated on a spacious 0.31-acre lot zoned C-2, providing both immediate utility and future potential. Constructed with durable concrete block and a low-maintenance membrane roof, the property is built to last. The interior units are finished with practical tile flooring and come equipped with essential appliances, including ranges and refrigerators. Comfort is managed through efficient wall/window cooling units and electric heating. For ease of management, the property is connected to public water and sewer systems and features individual metering for electric, water, and sewer services. Strategically located just minutes from local landmarks and schools like Spook Hill Elementary, this property sits in Flood Zone X, which typically does not require flood insurance. Offered at $449,000, this "As-Is" listing is a rare find for investors looking to expand their portfolio with a high-net-income asset in a growing Florida market.
Financial Considerations
Price:
$449,000
HOA Fee:
N/A
Tax Amount:
$5909.95
Price per SqFt:
$155.9
Tax Legal Description:
LAKE WALES LAND CO SUB PB 5 PG 11 BLK 1 LOTS 9 & 10
Exterior Features
Lot Size:
13421
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Membrane
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
6
Bathrooms:
6
Heating:
Electric, Ductless
Cooling:
Wall/Window Unit(s)
Appliances:
Electric Water Heater, Range, Refrigerator
Furnished:
Yes
Floor:
Tile
Levels:
Three Or More
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1950
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Sidewalk
Additional Features 2:
N/A
Map
  • Address
    107 A ST
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