LAKE WALES, FL 33853
$400,000
Pending
7 more
Presented By: HOSANNA REAL ESTATE SERVICES with 863-698-7868. - 863-698-7868
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
SQFT • 2,668
Home Details
Under contract-accepting backup offers. 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.
Presented By: HOSANNA REAL ESTATE SERVICES with 863-698-7868. - 863-698-7868
Interior Features for
Bedrooms
Total Bedrooms
Bathrooms
Total Baths
Other Interior Features
LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Laundry FeaturesNone
Window FeaturesBlinds
General for
Additional Parcels Y/NNo
AppliancesRange, Range Hood, Refrigerator
Building Area UnitsSquare Feet
Buyer Agent Compensation2.25%
Carport Y/NNo
CityLAKE WALES
Construction MaterialsVinyl Siding, Wood Frame
CoolingWall/Window Unit(s)
CountyPolk
Days on Market58
DirectionsFROM POINTS NORTH OF LAKE WALES : TAKE US HWY 27 SOUTH TO WASHINGTON AVENUE. TURN LEFT ONTO WASHINGTON AVENUE. THEN DRIVE 0.7 MILES TO C STREET. TURN RIGHT ONTO C STREET. PROPERTY IS DOWN THE BLOCK O
Exterior FeaturesAwning(s), Balcony
Flood Zone CodeX
Garage Y/NNo
Gross Income38400
HOA / Comm AssnNo
HeatingElectric
Interior FeaturesCeiling Fan(s)
Land Lease Y/NNo
Legal DescriptionLAKE WALES LAND CO SUB PB 5 PG 11 BLK 3 LOT 14 N 16 FT & LOT 15 LESS N 28 FT
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet6421
Lot Size UnitsSquare Feet
MLS Area33853 - Lake Wales South
ModificationTimestamp2024-06-17T14:12:13.050Z
New ConstructionNo
NumberOfUnitsTotal4
Occupancy TypeTenant
Percent OwnershipFee Simple
PossessionClose of Escrow, Negotiable
Property SubTypeQuadruplex
Property TypeResidential Income
RoofShingle
Security FeaturesFire Alarm
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusPending
StatusPending
Subdivision NameLAKE WALES LAND CO SUB
Tax Annual Amount1170.28
Tax Lot14
Tax Year2022
Tenant PaysElectricity, Gas, Sewer, Trash Collection, Water
Total Actual Rent3200
UtilitiesPublic
View Y/NNo
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Waterfront Y/NNo
Year Built1947
Exterior for
Building Area Total2844
Foundation DetailsPillar/Post/Pier
Lot Dimensions48 x 133
Lot Size Acres0.15
Lot Size Area6421
Number of Buildings1
Road Surface TypeConcrete
Water SourcePublic
Additional Details
Price History
