236 WASHINGTON AVE, LAKE WALES, FL, 33853
$725,000
Residential
Bedrooms
16
Bathrooms
9
Living Area
4,123 Sqft
Lot Size
15,355 Sqft
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
Property Features Property Features
MLS ID: MFRO6243795 Year Built: 1950
Appliances: Cooktop, Range, Refrigerator Construction Materials: Block
Cooling: Wall/Window Unit(s) Country: US
County Or Parish: Polk Direction Faces: North
Exterior Features: Courtyard Fencing: Fenced, Wood
Flooring: Tile Foundation Details: Slab
Heating: Electric Laundry Features: Electric Dryer Hookup, Washer Hookup
Levels: One Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional Occupant Type: Tenant
Patio And Porch Features: Front Porch, Rear Porch Pets Allowed: Yes
Property Sub Type: Half Duplex Property Type: Residential
Road Surface Type: Paved Roof: Shingle
Sewer: Public Sewer Showing Requirements: Call Before Showing
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Cable Connected, Electricity Connected, Water Connected
Water Source: Public
Rooms Rooms
Living Room: 25x20 ft Kitchen: 15x15 ft
Primary Bedroom: 25x20 ft Primary Bathroom: 15x15 ft
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