Investor Alert! Great income producing investment property in the heart of Lake Wales currently providing $ 54,900.00 of annual income! 4 rental units on the premises including the main residence that offers a 3 bedroom 2 bath refurbished 1923 craftsman style bungalow. There are two separate free standing buildings at the rear of the property that includes 2 bedrooms & 1 bath, and 1 bedroom and 1 bathroom. There is also an apartment on the back of the main residence which offers a 1 bedroom and 1 bath. All units have separate meters for electric and water. All units other than the main residence have window ac units. This property also includes the adjacent green-space on the property next to the main residence and fronts Central Avenue which has potential to add additional rental units. Location allows quick access to downtown restaurants , grocery stores, schools, and one block to the lake and park to enjoy. Ample parking for all tenants. All units are on annual leases with an opportunity to increase rates to market value. Measurements include all 4 units square footage and are approximate therefore not exact. Don’t let this great opportunity pass. By appointment only. Preferred afternoon showings due to night shift of tenants.
Property Details
Price:
$550,000
MLS #:
P4931739
Status:
Active
Beds:
7
Baths:
5
Address:
335 E CENTRAL AVENUE
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
LAKE WALES
City:
LAKE WALES
Listed Date:
Aug 26, 2024
State:
FL
Finished Sq Ft:
4,000
Total Sq Ft:
4,000
ZIP:
33853
Lot Size:
17,977 sqft / 0.41 acres (approx)
Year Built:
1923
Units:
4
See this Listing
I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.
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Schools
Elementary School:
Spook Hill Elem
Middle School:
Mclaughlin Middle
High School:
Lake Wales Senior High
Interior
Appliances
Built- In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air, Wall/ Window Unit(s)
Flooring
Ceramic Tile, Hardwood
Heating
Central, Electric, Other
Laundry Features
Inside
Exterior
Construction Materials
Cedar, Wood Frame, Wood Siding
Exterior Features
Sidewalk
Parking Features
Assigned, Driveway, Guest
Roof
Metal, Shingle
Financial
Tax Year
2023
Taxes
$3,925
Map
Community
- Address335 E CENTRAL AVENUE LAKE WALES FL
- CityLAKE WALES
- CountyPolk
- Zip Code33853
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Courtesy of FLORIDA REALTY INVESTMENTS. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
335 E CENTRAL AVENUE
LAKE WALES, FL
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