236 Washington Avenue Lake Wales, FL 33853
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.
- Property TypeMulti-Family
- NeighborhoodLake Wales Land Co Sub
- CountyPolk
- Taxes$1,556
- HOA/Condo/Coop Fees$0
- Days on Site47 Days
- MLS StatusActive
- MLS ID NumberO6234192
- Home Size Source Public Records
- Year Built1950
- Lot Size0.35 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Block
- Sewer Public Sewer
- Number of Stories 1
- Acreage 0.35
- Water Public
- Security Smoke Detector(s)
- Green Energy Efficient Windows
- Property Sub Type Multi Family
- Utilities Cable ConnectedElectricity ConnectedSewer ConnectedWater Connected
- Foundation Block
- Zoning R-3
- Minimum Lease No Minimum
- Ownership Fee Simple
- Parcel Number 27-29-35-879000-003170
Interior Features
- Cooling Wall/ Window Unit(s)
- Heating Electric
- Appliances Convection OvenElectric Water HeaterRefrigerator
- Flooring Tile
- Interior Open Floorplan
- Laundry Features Electric Dryer HookupWasher Hookup
- Fireplace No
Exterior Features
- Roof Shingle
- Spa No
- Waterfront Property No
- Exterior Courtyard
- Lot Corner LotPaved
- Patio And Porch CoveredFront PorchRear Porch
Community Features
- Pets Yes
- Township 29
- Senior Community No
- MLS Area 33853 - Lake Wales South
- Security Features Smoke Detector(s)