Active

$397,000

Features:
  • 7 Bedrooms
  • 4 Bathrooms
  • 2188 sq ft
Overview
  • ID: MFRP4939125
  • Bedrooms: 7
  • Bathrooms: 4
  • Size: 2188 sq ft
Property Details
Remarks
This multifamily investment property is strategically located in Lake Wales just off State Road 60, a major east-west corridor connecting Lake Wales to Lakeland and the broader Polk County market. The property is also just minutes from US Highway 27, providing convenient access to Lakeland as well as northbound routes to Davenport, Interstate 4, Celebration, and Kissimmee. The property consists of four income-producing rental units, including: One 3-bedroom unit currently leased for $1,200 per month One 2-bedroom unit currently leased for $850 per month One 1-bedroom unit currently leased for $850 per month One detached cottage currently leased for $850 per month All tenants are responsible for their own electric and water utilities, helping to minimize owner operating expenses. This property offers stable rental income with strong accessibility to major employment centers, transportation routes, and growing Central Florida markets.
Financial Considerations
Price:
$397,000
HOA Fee:
N/A
Tax Amount:
$2811
Price per SqFt:
$181.44
Tax Legal Description:
LAKE WALES HIGHLAND HEIGHTS ADDITION PB 10 PGS 41A AND 41B BLK D LOT 8
Exterior Features
Lot Size:
23021
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
7
Bathrooms:
4
Heating:
None
Cooling:
Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1950
Construction Type:
Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
None
Additional Features 2:
N/A
Map
  • Address
    1021 COHASSETT AVE
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