Address: 236 Washington Avenue, LAKE WALES, FL 33853
Description
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.
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.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Courtyard
Flooring: Tile
Living Area: 4123.00
Roof: Shingle
Land Information
Lot Features: Corner Lot, Paved
Garage and Parking
Garage Spaces: 0.00
Eco-Communities
Green Energy Efficient: Windows
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Wall/Window Unit(s)
Heating: Electric
Pets Allowed: Yes
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Net Operating Income: 0.00
Tax Year: 2023
Rental Information
Tenant Pays: Electricity, Water
Other Features
Appliances: Convection Oven, Electric Water Heater, Refrigerator
Country: US
Interior Features: Open Floorplan
Legal Description: LAKE WALES LAND CO SUB PB 5 PG 11 BLK 3 LOTS 17 & 18
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