Seller Financing
Address
Not Disclosed, LAKE WALES, FL
Price
$ 400,000
Property Attributes
- MLS#L4941193
- TypePending
- CountyPOLK
- CityLAKE WALES
- AreaLake Wales South
- NeighborhoodLake Wales Land Co Sub
- Zip33853
- StyleQuadruplex
- Year Built1947
- Taxes$ 1170
- Price$ 400,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2668
- Lot Size0.15 Acres
Data Source:
Stellar MLS
Property 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 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.
| Price History | |
|---|---|
| 12/8/2023 | Listed $400,000 |
General Features
| Interior Features | Ceiling Fan(s) |
|---|---|
| Sewer | Public Sewer |
| Heating | Electric |
| Cooling | Wall/Window Unit(s) |
| Utilities | Public |
| Possession | Close of Escrow,Negotiable |
| Roof | Shingle |
| Appliances | Range,Range Hood,Refrigerator |
| Exterior Features | Awning(s),Balcony |
| Security Features | Fire Alarm |
| Construction Materials | Vinyl Siding,Wood Frame |
| Year Built | 1947 |
| Tenant Pays | Electricity,Gas,Sewer,Trash Collection,Water |
| Levels | Two |
| Property SubType | Quadruplex |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Gross Income | 38400 |
| County | Polk |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Subdivision Name | LAKE WALES LAND CO SUB |
| Garage Y/N | No |
| Status | Pending |
| Directions | FROM 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 |
| ModificationTimestamp | 2024-05-27T13:42:06.767Z |
| City | LAKE WALES |
| Buyer Agent Compensation | 2.25% |
| View Y/N | No |
| Senior Community Y/N | No |
| NumberOfUnitsTotal | 4 |
| MLS Area | 33853 - Lake Wales South |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 6421 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 1170.28 |
| Additional Parcels Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/L4941193 |
| Days on Market | 58 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Pending |
| Occupancy Type | Tenant |
| Tax Lot | 14 |
| Total Actual Rent | 3200 |
| Legal Description | LAKE WALES LAND CO SUB PB 5 PG 11 BLK 3 LOT 14 N 16 FT & LOT 15 LESS N 28 FT |
| Water Access Y/N | No |
| Water View Y/N | No |
| Flood Zone Code | X |
Interior Features
| Flooring | Laminate |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | Blinds |
| Fireplace Y/N | No |
| Laundry Features | None |
| LivingAreaSource | Public Records |
Exterior Features
| Water Source | Public |
|---|---|
| Lot Size Area | 6421 |
| Foundation Details | Pillar/Post/Pier |
| Number of Buildings | 1 |
| Building Area Total | 2844 |
| Lot Dimensions | 48 x 133 |
| Street Suffix | STREET |
| Lot Size Acres | 0.15 |
| Road Surface Type | Concrete |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 33853
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on June 14, 2024 8:53 AM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
