Lake Wales, Florida 33853
- $400,000
Overview
- Quadruplex, Residential Income
- 2844 Sqft
Description
Introducing 224 C street in the tranquil, fast growing city of Lake Wales. This 4-plex offers a steady and reliable source of income, complete with 4 existing tenants. Each of the 2 bedroom 1 bath units have been COMPLETELY REMODELED within the last few years. Investors will appreciate the immediate cash flow and associated peace of mind. The building offers low maintenance vinyl siding and all tenants pay their own water, sewer, garbage and electricity. A NEW ROOF is being installed in March. Each unit rents for $ 800/month with upward potential for higher rents. But whether an experienced investor looking to expand your portfolio or a novice seeking a reliable investment, this property is a testament to the wisdom of real estate ownership in Lake Wales. Also an excellent addition to any 1031 exchange package. Don’t miss this opportunity. Listing broker has a financial interest in this property.
Address
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City: Lake Wales
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State/county: FL
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Zip/Postal Code: 33853
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Country: US
Details
Updated on July 20, 2024 at 10:52 am-
Property ID HZL4941193
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Price $400,000
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Property Size 2844 Sqft
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Land Area 0.15 Acres
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Year Built 1947
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Property Type Quadruplex, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash, Conventional, Owner Financing, VA Loan
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Roof Shingle
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Utilities Public
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Sewer Public Sewer
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Cooling Wall/Window Unit(s)
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Heating Electric
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Flooring Laminate
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County Polk
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Property Type Residential Income
Features
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
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PMI
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Monthly HOA Fees