6 Beds
6 Baths
2,880 SqFt
6 Beds
6 Baths
2,880 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $155
Subdivision Lake Wales Land Co Sub
MLS Listing ID O6368979
Bedrooms 6
Construction Status Completed
HOA Y/N No
Year Built 1950
Annual Tax Amount $5,909
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 100x134
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
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. Offered at $449,000, this "As-Is" listing is a rare find for investors looking to expand their portfolio with a high-net-income asset in a growing Florida market.
Location
State FL
County Polk
Community Lake Wales Land Co Sub
Area 33853 - Lake Wales South
Zoning C-2
Interior
Interior Features Built-in Features
Heating Electric, Ductless
Cooling Wall/Window Unit(s)
Flooring Tile
Furnishings Unfurnished
Fireplace false
Appliance Electric Water Heater, Range, Refrigerator
Laundry None
Exterior
Exterior Feature Sidewalk
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Trees/Woods
Roof Type Membrane
Garage false
Private Pool No
Building
Entry Level Three Or More
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Completed
Schools
Elementary Schools Spook Hill Elem
Middle Schools Mclaughlin Middle
High Schools Frostproof Middle - Senior High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
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