236 WASHINGTON AVENUE
Lake Wales, FL 33853
4825 sqft | 15 beds | 0.35 acres | #O6234192
Description
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
- Utility FeaturesCable Connected, Electricity Connected, Sewer Connected, Water Connected
- SubdivisionLAKE WALES LAND CO SUB
- Lot DescriptionCorner Lot, Paved
- InteriorOpen Floorplan
- Property TypeMulti-Family
- Sewer InformationPublic Sewer
- Property SubtypeMulti-Family
- Original List Price$1,000,000
- Exterior MaterialsCourtyard
- MLS #O6234192
- MLS #O6234192
- Utility SourcePublic
- Taxes Annual$1,556
- Cost800000
- FoundationBlock
- Acres0.35
- Square Feet4825
- Year Built1950
- CountyPolk
- Days on Market (Cumulative)126
- Pets AllowedYes
- Bedrooms15
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Don - Seawinds
Last Updated: . Source: SMLS
Listing Courtesy
Listing Agent: Erich Spivey (#MFR261211724)
Listing Office: ALABAMA LLC (#MFR261014126)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
