Active

$725,000

Features:
  • 16 Bedrooms
  • 9 Bathrooms
  • 4123 sq ft
Overview
  • ID: MFRO6243795
  • Bedrooms: 16
  • Bathrooms: 9
  • Size: 4123 sq ft
Property Details
Remarks
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:
$725,000
HOA Fee:
N/A
Tax Amount:
$5773.23
Price per SqFt:
$175.84
Tax Legal Description:
LAKE WALES LAND CO SUB PB 5 PG 11 BLK 3 LOTS 17 & 18
Exterior Features
Lot Size:
15355
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
16
Bathrooms:
9
Heating:
Electric
Cooling:
Wall/Window Unit(s)
Appliances:
Cooktop, Range, Refrigerator
Furnished:
No
Floor:
Tile
Levels:
One
Additional Features
Property Sub Type:
Half Duplex
Style:
N/A
Year Built:
1950
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
North
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Courtyard
Additional Features 2:
N/A
Map
  • Address
    236 WASHINGTON AVE
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