Multi-Family: MLS #L4941193 Lake Wales, FL $ 400,000
Multi-Family: MLS #L4941193
$ 400,000
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Multi-Family: MLS #L4941193

Lake Wales, FL, 33853
$ 400,000
Baths0.0 Sq 2,668

Monthly Estimate*

$ 2,659

MLS #/Web ID: L4941193 - Image 1
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MLS #/Web ID: L4941193 - Image 12
View a Virtual Tour
Studio

Multi-Family Home for sale in Lake Wales, FL

for $400,000. This 2,668 square foot home was built in 1947 on a lot size of 0.15.

Under contract-accepting backup offers. 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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Multi-Family Pending

Price

$ 400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,170

Style

Quadruplex

Lot Size

0.15

Year Built

1947

Town/City

Lake Wales

County/Region

Polk

MLS | Web ID

L4941193

Features
General
Interior Features Ceiling Fan(s)
Sewer Public Sewer
Heating Electric
Cooling Wall/Window Unit(s)
Utilities Public
Roof Shingle
Appliances Range Range Hood Refrigerator
Exterior Features Awning(s) Balcony
Security Features Fire Alarm
Construction Materials Vinyl Siding Wood Frame
Year Built 1947
Levels Two
Property SubType Quadruplex
Tax Year 2022
Percent Ownership Fee Simple
County Polk
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name LAKE WALES LAND CO SUB
Garage Y/N No
Status Pending
Directions FROM POINTS NORTH OF LAKE WALES : TAKE US HWY 27 SOUTH TO WASHINGTON AVENUE. TURN LEFT ONTO WASHINGTON AVENUE. THEN DRIVE 0.7 MILES TO C STREET. TURN RIGHT ONTO C STREET. PROPERTY IS DOWN THE BLOCK O
City LAKE WALES
Buyer Agent Compensation 2.25%
Senior Community Y/N No
NumberOfUnitsTotal 4
MLS Area 33853 - Lake Wales South
Lot Size Units Square Feet
Lot Size Square Feet 6421
Private Pool No
Waterfront Y/N No
Carport Y/N No
Listing Terms Cash Conventional Owner May Carry VA Loan
Tax Annual Amount 1170.28
Public Remarks Under contract-accepting backup offers. 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 t
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4941193
Days on Market 58
Living Area Units Square Feet
Standard Status Pending
Tax Lot 14
Legal Description LAKE WALES LAND CO SUB PB 5 PG 11 BLK 3 LOT 14 N 16 FT & LOT 15 LESS N 28 FT
Water Access Y/N No
Water View Y/N No
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Interior
Flooring Laminate
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features Blinds
Fireplace Y/N No
Street Suffix STREET
Laundry Features None
Total Bedrooms 0
Total Baths 0
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Exterior
Water Source Public
Lot Size Area 6421
Foundation Details Pillar/Post/Pier
Number of Buildings 1
Building Area Total 2844
Lot Dimensions 48 x 133
Lot Size Acres 0.15
Road Surface Type Concrete
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* Excluded Features
List By
Hosanna Real Estate Services

Broker

tinaanovack@gmail.com

Email

Affordability Calculator

$2,756
Per Month
96%
4%
0%
Monthly Principal & Interest
$2,659
Monthly Property Taxes
$98
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/8/2023$400,000 Listed Price

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