LAKE WALES LAND CO SUB, LAKE WALES, FL, 33853
$399,950
Residential Income
|
Bedrooms
8
|
Bathrooms
4
|
Living Area
2,668 Sqft
|
Lot Size
6,384 Sqft
|
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 existing tenants. Each of these 2 bedroom one bath units have been recently COMPLETELY REMODELED. 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 UTILITIES. A NEW ROOF RATED AT 160 MPH was installed in March, 2024. Each unit rents from $ 1000 to $ 1200/month. So whether you are an experienced investor looking to expand your portfolio or a novice seeking a rliable investment, this property is a testament to the wisdom of real estate ownership in Lake Wales. Also, this property is an excellent addition to any 1031 exchange package. Don't miss this opportunity. Listiing broker has a financial interest in this listing.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRL4957393 | Year Built: | 1947 | |
| Appliances: | Range, Range Hood, Refrigerator | Construction Materials: | Vinyl Siding, Frame | |
| Cooling: | Wall/Window Unit(s) | Country: | US | |
| County Or Parish: | Polk | Exterior Features: | Balcony | |
| Foundation Details: | Pillar/Post/Pier | Heating: | Electric | |
| Laundry Features: | None | Levels: | Two | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional, FHA, VA Loan | |
| Pets Allowed: | Cats OK, Dogs OK | Possession: | Close Of Escrow | |
| Property Sub Type: | Quadruplex | Property Type: | Residential Income | |
| Road Surface Type: | Concrete | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | Appointment Only, Call Listing Agent | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Tenant Pays: | Electricity, Sewer, Trash Collection, Water | |
| Utilities: | Cable Connected, Electricity Connected, Sewer Connected, Water Connected | Water Source: | Public | |
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