Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1938
Sq.Footage
1,455
This lakefront multi-family property in the heart of Lake Wales presents a rare opportunity for both savvy investors and future owner-occupants alike. Delivering an impressive ~about 8% cap rate with an all-cash purchase—and closer to about a 9% cap with just 20% down at today's prevailing rates—this is a strong income-producing asset with immediate upside. Even more compelling, for those looking to live in one unit, the numbers make ownership more affordable than renting, while the second unit helps offset your mortgage. The property offers two well-designed 2-bedroom, 1-bath units with open-concept living, generous outdoor space, and desirable lakefront appeal with no HOA. While a new roof is needed, the seller is offering a $10,000 concession with a full-price offer
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Other
-
Patio and Porch Features
Covered, Patio, Porch
-
Pool
No
-
Waterfront YN
YES
-
View
Lake, Other
Area & Lot
-
Lot Features
Waterfront
-
Lot Size(acres)
0.23
-
Property Type
Residential Income
-
Property Sub Type
Duplex
Price
-
Sales Price
$258,000
-
Tax Amount
$3,631.09
-
Sq. Footage
1, 455
-
Price/SqFt
$177
HOA
-
Association
No
School District
-
Elementary School
Lakeside
-
Middle School
Lake Worth
-
High School
Lake Worth
Property Features
-
Senior Community YN
NO
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Location
County
Polk
Elementary School
Lakeside
Middle School
Lake Worth
High School
Lake Worth
Listing Courtesy of Penny Dias , Simon Gray Realty LLC
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