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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.
| DAYS ON MARKET | 62 | LAST UPDATED | 11/2/2024 |
|---|---|---|---|
| TRACT | LAKE WALES LAND CO SUB | YEAR BUILT | 1950 |
| COMMUNITY | 33853 - Lake Wales South | COUNTY | Polk |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| PRICE HISTORY | |
| Prior to Oct 21, '24 | $950,000 |
|---|---|
| Oct 21, '24 - Oct 27, '24 | $850,000 |
| Oct 27, '24 - Nov 2, '24 | $350,000 |
| Nov 2, '24 - Today | $800,000 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Range, Refrigerator |
| AREA | 33853 - Lake Wales South |
| CONSTRUCTION | Block |
| EXTERIOR | Courtyard |
| HEAT | Electric |
| INTERIOR | Open Floorplan |
| LOT | 0.35 acre(s) |
| LOT DIMENSIONS | 114x134 |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | LAKE WALES LAND CO SUB |
| TAXES | 5773.23 |
| UTILITIES | Cable Available, Cable Connected, Electricity Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listing provided by Erich Spivey, ALABAMA LLC, 904-276-2555
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 11/22/24 11:32 PM PST.
This IDX solution is (c) Diverse Solutions 2024.