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236 Washington Avenue

Lake Wales, FL 33853
  • $800,000
  • STATUS: Active
  • ON SITE: 104 Days
  • MLS #: O6234192
UPDATED: 30 min ago
$800,000
  • 15
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,123
    SQFT
  • $194
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

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.

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-12-03T16:48:31.513.
www.thenewcomergroup.com/homes/153828901
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236 Washington Avenue Lake Wales, FL 33853

  • Price: $800,000
  • Status: Active
  • On Site: 104 Days
  • Updated: 30 min ago
  • MLS #: O6234192
15
Beds
0
Baths
0
½ Baths
0.35
Acres
4,123
SQFT
$194
$/SQFT
1950
Built
Neighborhood:
Lake Wales Land Co Sub
County:
Polk
Area:
Lake Wales South
Property Description
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.
Exterior Features

Carport Yn No Construction Materials Block Exterior Features Courtyard Foundation Details Block Lot Features Corner Lot Lot Size Dimensions 114 x 134 Patio And Porch Features CoveredFront PorchRear Porch Pool Private Yn No Road Frontage Type Street Paved Road Surface Type Paved Roof Shingle Spa YN No Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances Convection OvenElectric Water HeaterRefrigerator Building Area Total 4825 Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Yn No Flooring Tile Heating Electric Heating YN Yes Interior Features Open Floorplan Laundry Features Electric Dryer HookupWasher Hookup Levels One Sewer Public Sewer Water Source Public

Property Features

Annual Net Income 79550 Association Approval Required Yn No Association Yn No Cdd Yn No Flood Zone Code X Garage Yn No Green Energy Efficient Windows Lease Considered YN Yes Lease Restrictions YN No Listing Terms CashConventional Minimum Lease No Minimum New Construction Yn No Ownership Fee Simple Pets Allowed Yes Property Sub Type Multi Family Security Features Smoke Detector(s) Senior Community Yn No Special Listing Conditions None Tax Annual Amount 1556 Total Annual Fees 0 Total Monthly Fees 0 Utilities Cable ConnectedElectricity ConnectedSewer ConnectedWater Connected Yrs Of Owner Prior To Leasing Re No Zoning R-3


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of ALABAMA LLC: 904-276-2555.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-12-03T16:48:31.513.
 
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