Exceptional Investment Opportunity in Lake Wales
Presenting a prime income producing property located at 107 A Street, perfectly positioned in the heart of Lake Wales. This versatile multi family asset features a total of six units, all designed as efficient one bedroom residences, offering a steady and reliable stream of income. With a total heated area of 2,880 square feet, this building is situated on a spacious 0.31 acre lot zoned C 2, providing both immediate utility and future potential.
Constructed with durable concrete block and a low maintenance membrane roof, the property is built to last. The interior units are finished with practical tile flooring and come equipped with essential appliances, including ranges and refrigerators. Comfort is managed through efficient wall/window cooling units and electric heating. For ease of management, the property is connected to public water and sewer systems and features individual metering for electric, water, and sewer services.
Strategically located just minutes from local landmarks and schools like Spook Hill Elementary, this property sits in Flood Zone X, which typically does not require flood insurance.
Exceptional Investment Opportunity in Lake Wales
Presenting a prime income producing property located at 107 A Street, perfectly positioned in the heart of Lake Wales. This versatile multi family asset features a total of six units, all designed as efficient one bedroom residences, offering a steady and reliable stream of income. With a total heated area of 2,880 square feet, this building is situated on a spacious 0.31 acre lot zoned C 2, providing both immediate utility and future potential.
Constructed with durable concrete block and a low maintenance membrane roof, the property is built to last. The interior units are finished with practical tile flooring and come equipped with essential appliances, including ranges and refrigerators. Comfort is managed through efficient wall/window cooling units and electric heating. For ease of management, the property is connected to public water and sewer systems and features individual metering for electric, water, and sewer services.
Strategically located just minutes from local landmarks and schools like Spook Hill Elementary, this property sits in Flood Zone X, which typically does not require flood insurance.
Features
Building and Construction
Covered Spaces: 0.00
Exterior Features: Sidewalk
Flooring: Tile
Living Area: 2880.00
Roof: Membrane
Property Information
Property Condition: Completed
School Information
High School: Frostproof Middle - Senior High
Middle School: Mclaughlin Middle
School Elementary: Spook Hill Elem
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Cooling: Wall/Window Unit(s)
Heating: Electric, Ductless
Sewer: Public Sewer
Utilities: Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Appliances: Electric Water Heater, Range, Refrigerator
Country: US
Furnished: Unfurnished
Interior Features: Built-in Features
Legal Description: LAKE WALES LAND CO SUB PB 5 PG 11 BLK 1 LOTS 9 & 10
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