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Discover an outstanding investment opportunity in the heart of Lake Wales! This 7-unit multifamily property offers strong rental income, solid occupancy, and multiple recent upgrades that make it a turnkey addition to your portfolio. The property features five 2-bed/1-bath units and two 1-bed/1-bath units, providing a versatile mix ideal for long-term tenants. Several major improvements have already been completed, including new roofs and some newer A/C systems, giving peace of mind and reducing upcoming maintenance costs. One of the standout benefits of this property is the large onsite storage area, offering excellent potential for expansion or value-add opportunities. Whether you're looking to increase income with additional storage rentals or reconfigure the space for future improvements, the options are there. Located close to schools, shopping, dining, and major roadways, tenants enjoy convenience and strong accessibility"”helping keep occupancy consistently high. Investor Highlights: "¢ 7 rental units (5× 2/1 + 2× 1/1) "¢ New roofs & some newer A/C units "¢ Strong existing cash flow "¢ High occupancy history "¢ Expansion potential for storage area "¢ Centrally located with steady rental demand This is the kind of multifamily property that rarely hits the market"”stable, improved, and packed with upside. Don't miss your chance to secure a high-performing asset in one of Central Florida's growing markets!
| DAYS ON MARKET | 0 | LAST UPDATED | 12/8/2025 |
|---|---|---|---|
| TRACT | LAKE WALES | YEAR BUILT | 1920 |
| COMMUNITY | 33853 - Lake Wales South | COUNTY | Polk |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 33853 - Lake Wales South |
| CONSTRUCTION | Frame, Vinyl Siding |
| EXTERIOR | None, Storage |
| HEAT | Electric |
| LOT | 0.26 acre(s) |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | LAKE WALES |
| TAXES | 3028 |
| UTILITIES | Cable Available, Cable Connected, Electricity Connected, Phone Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Wes Fleming, BHHS FLORIDA PROPERTIES GROUP, 863-701-2350
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/8/25 11:45 AM PST.
This IDX solution is (c) Diverse Solutions 2025.