Lake Wales, FL 33853,Address not disclosed
Lake Wales, FL 33853,Address not disclosed
Lake Wales, FL 33853,Address not disclosed
12
$385,000
$400,000
3.8%
Est.Price: ?

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2,668 SqFt

Address not disclosed Lake Wales, FL 33853

Est. payment /mo
SOLD DATE : 07/16/2024

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Key Details

Sold Price $385,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,668 sqft

Price per Sqft $144

Subdivision Lake Wales Land Co Sub

MLS Listing ID L4941193

Sold Date 07/16/24

HOA Y/N No

Originating Board Stellar MLS

Year Built 1947

Annual Tax Amount $1,170

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 48x133

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 4 existing tenants. Each of the 2 bedroom 1 bath units have been COMPLETELY REMODELED within the last few years. 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 water, sewer, garbage and electricity. A NEW ROOF is being installed in March. Each unit rents for $ 800/month with upward potential for higher rents. But whether an experienced investor looking to expand your portfolio or a novice seeking a reliable investment, this property is a testament to the wisdom of real estate ownership in Lake Wales. Also an excellent addition to any 1031 exchange package. Don't miss this opportunity. Listing broker has a financial interest in this property.

Location

State FL

County Polk

Community Lake Wales Land Co Sub

Interior

Interior Features Ceiling Fans(s)

Heating Electric

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplace false

Appliance Range, Range Hood, Refrigerator

Laundry None

Exterior

Exterior Feature Awning(s), Balcony

Utilities Available Public

Waterfront false

Roof Type Shingle

Garage false

Private Pool No

Building

Entry Level Two

Foundation Pillar/Post/Pier

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding,Wood Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Owner Financing, VA Loan

Listing Terms Cash, Conventional, Owner Financing, VA Loan

Special Listing Condition None

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Stellar MLS
Listed by HOSANNA REAL ESTATE SERVICES
Bought with PLATINUM STAR REALTY

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