Address Withheld

Lake Wales, FL 33853 $400,000 Schedule a Tour
Sq.Ft.2,668
Year1947
Brokers Realty

Brokers Realty

(863) 294-6773

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Status: Active
Property Type:Quadruplex
MLS #:L4941193
Sq. Feet:2,668
On Site:82 Days
Lot Size:6,421 Sq. Ft.
County:Polk
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.

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$000 Monthly Payment
Loan and interest only.

Community Information

Address:Address Withheld, Lake Wales, FL 33853
County:Polk
Zip Code:33853

Architecture

Year Built:1947
Stories:2
Construction Materials: Vinyl Siding, Wood Frame
Dock Y/N: 0
Flooring Types: Laminate
Roof: Shingle
Foundation: Pillar/Post/Pier

Features / Amenities

Interior Features: Ceiling Fans(s)
Appliances: Range, Range Hood, Refrigerator
Flooring: Laminate
Exterior Features: Awning(s), Balcony
Window: Blinds
Security Features: Fire Alarm
Cooling: Wall/Window Unit(s)
Heating: Electric
Air Conditioning: Wall/Window Unit(s)

Property Features

Lot Size: 0.15 Acres / 6,421 Sq. Ft.
Lot Dimensions:48x133
Waterfront Feet: 0
Lot #: 14
Flood Zone: X
Utilities: Public
Sewer: Public Sewer
Water: Public
Road Surface: Concrete

Tax and Financial Info

Tax Year: 2022
Tax Annual Amount: $1,170.28
Ownership: Fee Simple
Financing Available: Cash, Conventional, Owner Financing, VA Loan
Financing Available: Cash, Conventional, Owner Financing, VA Loan
Homestead: No
Total Annual Fees: $0
Realtor Info: As-Is

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Address Withheld Lake Wales,  FL 33853
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Address Withheld Lake Wales, FL 33853
 
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Listing provided courtesy of Hosanna Real Estate Services (863-698-7868).
© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved.
The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Stellar MLS data last updated at February 27, 2024 10:30 PM EST.