Homes for sale - 485 D ST, Lake Wales, FL 33853

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Rich Henderson

rich@myrealtorrich.com +1(630) 338-3792

$ 299,999

Est. payment | -/mo

10 Beds

2 Baths

2,528 SqFt

Save

$ 299,999

Est. payment | -/mo

Save

10 Beds

2 Baths

2,528 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,528 sqft

Price per Sqft $118

Subdivision Lake Wales Land Co Resub

MLS Listing ID A4662599

Bedrooms 10

HOA Y/N No

Year Built 1960

Annual Tax Amount $2,115

Lot Size 6,969 Sqft

Acres 0.16

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

Situated directly across from Janie Howard Wilson Elementary, this concrete block property presents an exceptional investment opportunity with significant income potential. Offering 10 bedrooms, 2 bathrooms, 2 kitchens, and an office space, the layout is ideal for generating strong cash flow through rental income with multi-tenant, single bedroom leasing. The property features an 8 year old metal roof, several replaced windows, and the bedrooms that have been updated over the years. In addition, there is storage space at the back of the property that used to be a store front, but could be converted into rentable storage units or additional rooms to maximize returns. Much of the heavy lifting has already been done, and with targeted improvements, this property has the ability to become a high-performing income-producing asset. Call today to schedule a walk-through and explore the possibilities.

Location

State FL

County Polk

Community Lake Wales Land Co Resub

Area 33853 - Lake Wales South

Zoning R-3

Interior

Interior Features Built-in Features

Heating None

Cooling Wall/Window Unit(s)

Furnishings Negotiable

Fireplace false

Laundry None

Exterior

Exterior Feature Storage

Parking Features Driveway, Off Street, On Street, Open

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View City

Roof Type Metal

Garage false

Private Pool No

Building

Lot Description Level

Foundation Block, Concrete Perimeter

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block,Concrete

New Construction false

Schools

Elementary Schools Janie Howard Wilson Elem

Middle Schools Frostproof Middle Se

High Schools Frostproof Middle - Senior High

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by EXIT KING REALTY

Learn More About LPT Realty

Rich Henderson

Sales Executive | License ID: SL3522272

rich@myrealtorrich.com

+1(630) 338-3792

485 D ST Lake Wales, FL 33853

Rich Henderson

Key Details

Location

Interior

Exterior

Building

Schools

Others

Learn More About LPT Realty

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485 D ST