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James Meyer

[email protected] +1(561) 228-4888

$ 950,000

Est. payment -/mo

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Price Dropped by $50K

236 WASHINGTON AVE Lake Wales, FL 33853

15 Beds

9 Baths

4,123 SqFt

UPDATED:

09/22/2024 08:39 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,123 sqft

Price per Sqft $230

Subdivision Lake Wales Land Co Sub

MLS Listing ID O6234192

Bedrooms 15

HOA Y/N No

Originating Board Stellar MLS

Year Built 1950

Annual Tax Amount $1,556

Lot Size 0.350 Acres

Acres 0.35

Lot Dimensions 114x134

Property 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.

Location

State FL

County Polk

Community Lake Wales Land Co Sub

Zoning R-3

Interior

Interior Features Open Floorplan

Heating Electric

Cooling Wall/Window Unit(s)

Flooring Tile

Fireplace false

Appliance Convection Oven, Electric Water Heater, Refrigerator

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Courtyard

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Waterfront false

Roof Type Shingle

Porch Covered, Front Porch, Rear Porch

Garage false

Private Pool No

Building

Lot Description Corner Lot, Paved

Entry Level One

Foundation Block

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by ALABAMA LLC

James Meyer

Real Estate Broker

+1(561) 228-4888

James Meyer

236 WASHINGTON AVE Lake Wales, FL 33853

Key Details

Location

Interior

Exterior

Building

Others

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236 WASHINGTON AVE