$550,000 for Sale

335 e central avenue , lake wales, FL 33853

Beds 7 Baths 5 3,728 Sqft 0.41 Acres 1 of 35
Property Description
Investor Alert! Current CAP Rate of 8.5! Great income producing investment property in the heart of Lake Wales currently providing $ 58,500.00 of annual income with room for increases. 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.
General Information
Sale Price: $550,000
Price/SqFt: $148
Status: Active
MLS#: P4931739
City: lake wales
Post Office: lake wales
Schools: lake wales senior high
County: Polk
Subdivision: lake wales
Acres: 0.41
Lot Dimensions: 120 x 150
Bedrooms:7
Bathrooms:5
House Size: 3,728 sq.ft.
Acreage: 0.41 est.
Year Built: 1923
Property Type: Quadruplex
Style:
Features & Room Sizes
Paved Road:  Paved, Asphalt, Gravel
Garage:  No
Construction:  Cedar, Wood Frame, Wood Siding
Exterior Misc:  Sidewalk
Fireplaces:  Yes
Fireplace Description:  Family Room
Basement:  No
Foundation :  Crawlspace, Slab
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)
Heating:  Central, Electric, Other
Waste:  Public Sewer
Watersource:  Public
Tax, Fees & Legal
Est. Summer Taxes:  $0
Est. Winter Taxes:  $3,925
Legal Description:  LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 33 LOTS 18 & 19


Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Shawn Tingle of FLORIDA REALTY INVESTMENTS, Phone: 407-207-2220
574-850-1432 Call Jackie Lakner for more information about this property.

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This Home located at
335 e central avenue, lake wales FL 33853
is currently for sale priced at $550,000 and was listed on August, 26, 2024 and has been on the market for 65 days and was last updated on October, 25, 2024.

335 e central avenue has 7 bedrooms, 5 bathrooms, and approximately 3,728 square feet. This home is in the lake wales senior high school district and has a lot size of 120 x 150 with 0.41 acres and was built in 1923. 335 e central avenue is in the 33853 ZIP Code area of lake wales.

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