Price Reduced 20.00%

$800,000 ($194.03 per sqft)

Est. Mortgage $4,098/mo *

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Price History

$1,000,000
8/19/2024

$950,000
9/22/2024

$850,000
10/21/2024

$350,000
10/28/2024

$800,000
11/2/2024

236 Washington AVENUE, Lake Wales, FL, 33853

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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:

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:

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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