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.
Property Details
Price:
$1,000,000
MLS #:
O6234192
Status:
Active
Beds:
15
Baths:
9
Address:
236 WASHINGTON AVENUE
Type:
Multi Family
Subdivision:
LAKE WALES LAND CO SUB
City:
LAKE WALES
Listed Date:
Aug 19, 2024
State:
FL
Finished Sq Ft:
4,123
ZIP:
33853
Lot Size:
15,355 sqft / 0.35 acres (approx)
Year Built:
1950
Units:
8
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Schools
Interior
Appliances
Convection Oven, Electric Water Heater, Refrigerator
Cooling
Wall/ Window Unit(s)
Flooring
Tile
Heating
Electric
Laundry Features
Electric Dryer Hookup, Washer Hookup
Exterior
Construction Materials
Block
Exterior Features
Courtyard
Roof
Shingle
Financial
Tax Year
2023
Taxes
$1,556
Map
Community
- Address236 WASHINGTON AVENUE LAKE WALES FL
- CityLAKE WALES
- CountyPolk
- Zip Code33853
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Courtesy of ALABAMA LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 236 WASHINGTON AVENUE
LAKE WALES, FL
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