315 DORSETT AVE #A & B, LAKE WALES, FL, 33853
$400,000
Residential Income
|
Bedrooms
5
|
Bathrooms
3
|
Living Area
1,755 Sqft
|
Lot Size
6,700 Sqft
|
Virtually Staged. NO HOA! 2 HOMES-1 LOT! BRAND NEW CONSTRUCTION! A unique opportunity featuring a $40K grant from Lake Wales for down payment and closing cost assistance for a qualified owner-occupant! Listed below the FHA appraised value and priced at $400K this brand-new construction property features two separate single-family residences on one lot, a 3-bedroom/2-bathroom home and a 2-bedroom/1-bathroom home, each complete with its own private entrance and seperate water/electric meters, full kitchen, and washer/dryer hookups. This makes it an ideal home ownership hack for first-time buyers to live in one unit and let rental income from the other cover a major portion of the mortgage, or an incredible cash-flowing option for investors. Because an FHA appraisal is already on file, FHA buyers can use it smoothly to process their loan with no worries about appraising, and lenders can factor projected rental income into your qualification so you may qualify for more than you think. Seller concessions are also available depending on the offer. You're not just buying a home, you're buying a future! Set in the growing city-invested community of Lake Wales, the home offers fantastic convenience just minutes State Road 60 and US-27, Walmart Supercenter, healthcare at AdventHealth Lake Wales, everyday shopping at Lake Wales Plaza, and local dining spots like Lake Wales Family Restaurant.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRP4940337 | Year Built: | 2026 | |
| Appliances: | Dishwasher, Microwave, Range, Refrigerator | Community Features: | Sidewalks | |
| Construction Materials: | Stucco | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Polk | |
| Exterior Features: | Private Entrance, Rain Gutters, Sidewalk | Flooring: | Luxury Vinyl | |
| Foundation Details: | Slab | Heating: | Central | |
| Laundry Features: | Electric Dryer Hookup, Inside, Laundry Closet, Washer Hookup | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional, FHA, Special Funding, USDA Loan, VA Loan | Lot Features: | Sidewalk | |
| Occupant Type: | Vacant | Other Equipment: | Private Entrance | |
| Parking Features: | Driveway, Off Street, On Street, Oversized, Parking Pad | Patio And Porch Features: | Covered, Front Porch, Patio | |
| Pets Allowed: | Cats OK, Dogs OK, Yes | Property Condition: | Completed | |
| Property Sub Type: | Duplex | Property Type: | Residential Income | |
| Road Surface Type: | Paved | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | Combination Lock Box, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Utilities: | BB/HS Internet Available, Cable Available, Electricity Connected, Emergency Power, Fiber Optics, Sewer Connected, Water Connected | |
| Water Source: | Public | |||
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