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Key Details
Sold Price $385,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,668 sqft
Price per Sqft $144
Subdivision Lake Wales Land Co Sub
MLS Listing ID L4941193
Sold Date 07/16/24
HOA Y/N No
Originating Board Stellar MLS
Year Built 1947
Annual Tax Amount $1,170
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 48x133
Property Description
Introducing 224 C street in the tranquil, fast growing city of Lake Wales. This 4-plex offers a steady and reliable source of income, complete with 4 existing tenants. Each of the 2 bedroom 1 bath units have been COMPLETELY REMODELED within the last few years. Investors will appreciate the immediate cash flow and associated peace of mind. The building offers low maintenance vinyl siding and all tenants pay their own water, sewer, garbage and electricity. A NEW ROOF is being installed in March. Each unit rents for $ 800/month with upward potential for higher rents. But whether an experienced investor looking to expand your portfolio or a novice seeking a reliable investment, this property is a testament to the wisdom of real estate ownership in Lake Wales. Also an excellent addition to any 1031 exchange package. Don't miss this opportunity. Listing broker has a financial interest in this property.
Location
State FL
County Polk
Community Lake Wales Land Co Sub
Interior
Interior Features Ceiling Fans(s)
Heating Electric
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplace false
Appliance Range, Range Hood, Refrigerator
Laundry None
Exterior
Exterior Feature Awning(s), Balcony
Utilities Available Public
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level Two
Foundation Pillar/Post/Pier
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Wood Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Owner Financing, VA Loan
Listing Terms Cash, Conventional, Owner Financing, VA Loan
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with PLATINUM STAR REALTY
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