Property Map
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Courtesy of ALABAMA LLC
Description
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.
Property Details and Features
Building
- Living Area Meters: 383.04
- Room Count: 4
- Building Area Total: 4123
- Building Area Units: Square Feet
- Construction Materials: “Block”
- Direction Faces: North
- Levels: “One”
- Living Area: 4123
- Stories Total: 1
- Year Built: 1950
Listing
- End Date of Lease: 2025-10-16
- Available For Lease
- Existing Lease Tenant
- Minimum Lease: No Minimum
- Calculated List Price By Calculated Sq Ft: $194
Lot
- Lot Size Square Meters: 1427
- Total Acreage: 1/4 to less than 1/2
- 0.35 acres
- 15355 square feet
- Dimensions: 114×134
Pets Policy
- Number Of Pets: 10+
- Pet Size: Extra Large (101+ Lbs.)
- Pets Allowed: “Yes”
Property Access
- Road Surface: “Paved”
Appliances & Equipment
- Appliances: “Cooktop”, “Range”, “Refrigerator”
Bathrooms
- 8 full bathrooms
- 1 half bathroom
Bedrooms
- Bedrooms Total: 16
Cooling
- Cooling: “Wall/Window Unit(s)”
Exterior Features
- Exterior Features: “Courtyard”
Fence
- Fencing: “Fenced”, “Wood”
Floors
- Flooring: “Tile”
Foundation
- Foundation Details: “Slab”
Heating
- Heating: “Electric”
Interior Features
- Interior Features: “Open Floorplan”
Laundry
- Laundry Features: “Electric Dryer Hookup”, “Washer Hookup”
Location
- County or Parish: Polk
- Subdivision: LAKE WALES LAND CO SUB
- Township: 29
Property
- Patio and Porch Features: “Front Porch”, “Rear Porch”
- Zoning: R-3
Roof
- Roof: “Shingle”
Sewer
- Sewer: “Public Sewer”
Utilities
- Utilities: “Cable Connected”, “Electricity Connected”, “Water Connected”
- Water Source: “Public”
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This content last updated on November 28, 2024 2:17PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.