$725,000
About this home
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.
Property details
- MLS #
- MFRO6243795
- Property type
- Half Duplex
- Subdivision
- LAKE WALES LAND CO SUB
- Status
- Active
- Days on market
- 143
- On market date
- September 22, 2024
- Stories
- N/A
- Garage spaces
- N/A
- Lot size
- 0.35 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 389
- Student:teacher ratio
- 14.4:1
- District
- POLK
- Enrollment
- 554
- Student:teacher ratio
- 17.9:1
- District
- POLK
- Enrollment
- 274
- Student:teacher ratio
- 9.4:1
- District
- POLK
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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated February 12, 2025.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.