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Description
Excellent investment opportunity in the heart of Lake Wales! This fully occupied (with one vacant unit ready for lease or owner use) 4-unit multifamily property offers immediate income potential with value-add upside. The property consists of four separate units with a desirable tenant mix. Unit 1 is leased through October 17, Units 2 and 4 are on month-to-month leases, providing flexibility for future rent adjustments, and Unit 3 is currently vacant, making it ideal for an owner-occupant or to lease at current market rates. Conveniently located near shopping, dining, schools, and major roadways, this property is well-positioned for long-term rental demand. Whether you're looking to expand your investment portfolio or start generating rental income, this multifamily property offers a great combination of cash flow, flexibility, and future potential. No showing allowed without an executed contract. Please do not approach the property since it is occupied
Property Highlights
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.15 Acres
Roof Type: Metal
Taxes: $4,642
Year Built: 1955
General Information
Sqft: 2,860
County: Polk
High School: Frostproof Middle - Senior High
Subdivision: LINCOLN PARK
Listed By:
Terry Connors, II
MERIDIAN RESIDE
727-777-6676
MLS ID: TB8525074
Amenities
Other
Other
Property Features
Annual Net Income: 27612.00
Days on Site: 1
Directions: Head toward Harding Ave. Turn left onto Washington Ave. Turn right onto D St. Destination will be on the left
Exterior: Block, Concrete, Stucco
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.15
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Do Not Contact Tenants, See Remarks, ShowingTime
Special Sale Provisions: None
Utilities: Other
Water: Public
Water Access Y/N: No
Zoning: C-2
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130 D Street , Unit 1,2,3,4, Lake Wales, FL 33853.
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Estimated Payment
$ 1,486.18 per month $1,011.85 Principal & Interest $386.83 Property Tax $87.50 Homeowner's InsuranceChange Payment Information
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