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    Address Not Available By Request

    Lake Wales, FL 33853
    • $1,400,000
    • STATUS: Active
    • ON SITE: 61 days
    • MLS #: T3295455
    UPDATED: 34 min ago
    $1,400,000
    • 0
      BEDS
    • 7.94
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,972
      SQFT
    • $234
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1969
    County:

    School Ratings & Info

    Description

    Incredible income producing property located on two waterfront parcels. 18 Total Units on seven acres, producing great income each month and year! Rents are low for the area enabling the prospect of rent increases after year one! The vacancy rate is very low and historically, there have been no problems finding new tenants, quickly, once a vacancy occurs. Listing includes the adjacent two-acre parcel (Parcel Number: 27-29-11-000000-044030) that can potentially be developed to further expand income prospects! Included are seven concrete one-bedroom cottages, a two-bedroom park model mobile home, two mobile homes converted into duplexes enabling four rental units, two RV'S and one frame house divided into four units. Property is self-sufficient for water, containing wells, pumping stations and septic systems. Located on scenic Lake Mabel and is less than an hour from the Greater Orlando area! This property will make a great addition to any investor portfolio and absolutely will not last long!

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    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-05-13T12:42:20.377.
    www.memoryhopkinsrealestate.com/homes/115050458
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    Address Not Available By Request Lake Wales, FL 33853

    • Price: $1,400,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: T3295455
    0
    Beds
    0
    Baths
    0
    ½ Baths
    7.94
    Acres
    5,972
    SQFT
    $234
    $/SQFT
    1969
    Built
    Neighborhood:
    Lake Wales South
    County:
    Polk
    Area:
    Lake Wales South
    Property Description
    Incredible income producing property located on two waterfront parcels. 18 Total Units on seven acres, producing great income each month and year! Rents are low for the area enabling the prospect of rent increases after year one! The vacancy rate is very low and historically, there have been no problems finding new tenants, quickly, once a vacancy occurs. Listing includes the adjacent two-acre parcel (Parcel Number: 27-29-11-000000-044030) that can potentially be developed to further expand income prospects! Included are seven concrete one-bedroom cottages, a two-bedroom park model mobile home, two mobile homes converted into duplexes enabling four rental units, two RV'S and one frame house divided into four units. Property is self-sufficient for water, containing wells, pumping stations and septic systems. Located on scenic Lake Mabel and is less than an hour from the Greater Orlando area! This property will make a great addition to any investor portfolio and absolutely will not last long!
    Exterior Features

    Carport Yn No Construction Materials BlockOther Exterior Features Other Foundation Details SlabStilt/On Piling Other Structures Storage Pool Private Yn No Roof Metal View Water Water Access Lake Water Access Yn Yes Water Extras Dock - Wood Water Extras Yn Yes Water Frontage Feet Lake 380 Water View Lake Waterfront Features Lake Waterfront Feet Total 380 Waterfront Yn Yes

    Interior Features

    Cooling Central AirWall/Window Unit(S) Fireplace Yn No Flooring CarpetTileVinyl Heating ElectricWall Units / Window Unit Sewer Private Sewer Water Source PrivateWell

    Property Features

    Additional Parcels Yn Yes Annual Net Income 90746.51 Association Yn No Cdd Yn No Flood Zone Code X Garage Yn No Lease Term 24 Months New Construction Yn No Property Condition Completed Property Sub Type Multi-Family Security Features Fire AlarmSecurity Lights Senior Community Yn No Special Listing Conditions None Tax Annual Amount 5643.85 Tax Year 2020 Total Num Buildings 18 Utilities Cable AvailableElectricity ConnectedNatural Gas Connected Zoning C-3


    Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Balcorp Realty, Llc.



    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-05-13T12:42:20.377.
     
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    93B Orange St.
    St. Augustine FL, 32084