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Description
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 existing tenants. Each of these 2 bedroom one bath units have been recently COMPLETELY REMODELED. 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 UTILITIES. A NEW ROOF RATED AT 160 MPH was installed in March, 2024. Each unit rents from $ 1000 to $ 1200/month. So whether you are an experienced investor looking to expand your portfolio or a novice seeking a rliable investment, this property is a testament to the wisdom of real estate ownership in Lake Wales. Also, this property is an excellent addition to any 1031 exchange package. Don't miss this opportunity. Listiing broker has a financial interest in this listing.
Property Highlights
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Electric
Lot Size: 0.15 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $3,064
Year Built: 1947
General Information
Bedrooms: 8
Sqft: 2,668
County: Polk
Subdivision: LAKE WALES LAND CO
Listed By:
Tom Novack
HOSANNA REAL ESTATE SERVICES
863-698-7868
MLS ID: L4957393
Amenities
Ceiling Fans(s)
Balcony
Property Features
Annual Net Income: 35000.00
Appliances: Range, Range Hood, Refrigerator
Days on Site: 106
Exterior: Vinyl Siding, Frame
Flood Zone Code: X
Foundation: Pillar/Post/Pier
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.15
Ownership: Fee Simple
Pets Allowed: Cats OK, Dogs OK
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent
Special Sale Provisions: None
Units: 4
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
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Please Call For Address, Lake Wales, FL 33853.
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Estimated Payment
$ 1,720.95 per month $1,348.96 Principal & Interest $255.33 Property Tax $116.65 Homeowner's InsuranceChange Payment Information
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