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Lake Wales,FL 33853
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,668 sqft
Price per Sqft $149
Subdivision Lake Wales Land Co Sub
MLS Listing ID L4957393
Bedrooms 8
Year Built 1947
Annual Tax Amount $3,064
Lot Size 6,534 Sqft
Property Sub-Type Quadruplex
Property Description
Introducing 224 C street in the tranquil, fast growing city of Lake Wales. This 4-plex offers a steady and reliable source of income, complete with existing tenants. Each of these 2 bedroom one bath units have been recently COMPLETELY REMODELED. Investors will appreciate the immediate cash flow and associated peace of mind. The building offers low maintenance vinyl siding and ALL TENANTS PAY THEIR OWN UTILITIES. A NEW ROOF RATED AT 160 MPH was installed in March, 2024. Each unit rents from $ 1000 to $ 1200/month. So whether you are an experienced investor looking to expand your portfolio or a novice seeking a rliable investment, this property is a testament to the wisdom of real estate ownership in Lake Wales. Also, this property is an excellent addition to any 1031 exchange package. Don't miss this opportunity. Listiing broker has a financial interest in this listing.
Location
State FL
County Polk
Community Lake Wales Land Co Sub
Area 33853 - Lake Wales South
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Laundry None
Exterior
Exterior Feature Balcony
Utilities Available Cable Connected,Electricity Connected,Sewer Connected,Water Connected
Roof Type Shingle
Building
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Frame
New Construction false
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4957393