335 E Central AVENUE, Lake Wales, FL, 33853
7 beds
1923
3,728 sqft
Investor Alert! Great income producing investment property in the heart of Lake Wales currently providing $ 54,900.00 of annual income! 4 rental units on the premises including the main residence that offers a 3 bedroom 2 bath refurbished 1923 craftsman style bungalow. There are two separate free standing buildings at the rear of the property that includes 2 bedrooms & 1 bath, and 1 bedroom and 1 bathroom. There is also an apartment on the back of the main residence which offers a 1 bedroom and 1 bath. All units have separate meters for electric and water. All units other than the main residence have window ac units. This property also includes the adjacent green-space on the property next to the main residence and fronts Central Avenue which has potential to add additional rental units. Location allows quick access to downtown restaurants , grocery stores, schools, and one block to the lake and park to enjoy. Ample parking for all tenants. All units are on annual leases with an opportunity to increase rates to market value. Measurements include all 4 units square footage and are approximate therefore not exact. Don't let this great opportunity pass. By appointment only. Preferred afternoon showings due to night shift of tenants.
Status:
Active
Type:
Multi-family
Furnished Remarks:
Unfurnished
Laundry Remarks:
Inside
Units:
4
Subdivision:
LAKE WALES
Garage:
Assigned, Driveway, Guest
Heating:
Central, Electric, Other
Cooling:
Central Air, Wall/Window Unit(s)
Lot Size:
120 x 150
Acreage:
0.41
Est. Taxes:
$3,925
Construction
Cedar, Wood Frame, Wood Siding
Utilities
BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Available, Street Lights, Water - Multiple Meters, Water Connected
Lot Description:
City Lot, Landscaped, Level, Oversized Lot, Sidewalk
Elementary School:
Spook Hill Elem
Middle School:
Mclaughlin Middle
High School:
Lake Wales Senior High
Days on Market:
8
Appliances:
Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Refrigerator, Washer
Lease Term Type:
12 Months
MLS #:
P4931739
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of FLORIDA REALTY INVESTMENTS Phone: 407-207-2220