Price Reduced 5.00%
Price History
$1,000,000
8/19/2024
$950,000
9/22/2024
236 Washington AVENUE, Lake Wales, FL, 33853
15 beds
1950
4,123 sqft
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.
Status:
Active
Type:
Multi-family
Laundry Remarks:
Electric Dryer Hookup, Washer Hookup
Units:
8
Subdivision:
LAKE WALES LAND CO SUB
Heating:
Electric
Cooling:
Wall/Window Unit(s)
Energy Features:
Windows
Lot Size:
114 x 134
Acreage:
0.35
Est. Taxes:
$1,556
Construction
Block
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Lot Description:
Corner Lot
Days on Market:
34
Pet Policy:
Yes
Appliances:
Convection Oven, Electric Water Heater, Refrigerator
Min Lease Term:
No Minimum
MLS #:
O6234192
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of ALABAMA LLC Phone: 904-276-2555