Property Description:
CALLING ALL INVESTORS! Take a look at this prime investment located in an Opportunity Zone in Lake Wales. One of the cheapest triplexes in the area. Each unit was recently rented at $800 a month, but with some repairs and TLC you can get $1,100 per unit. Roof and HVAC are less than 5 years old. One unit is currently occupied. Inspection reports available for all 3 units.
This property offers a peaceful and friendly neighborhood atmosphere, with everything you need close by – shops, schools, and parks.
DON’T MISS YOUR CHANCE AND CALL US NOW!
Data collected from homeowner and public information: (all buyers responsible for their own investment decisions)
- Multifamily/Triplex
- 3 units: 1 bed + 1 bath each
- Building 1 Heated Area: 912 sq. ft.
- Building 1 Gross Area: 1,178 sq. ft.
- Building 2 Heated Area: 489 sq. ft.
- Building 2 Gross Area: 827 sq. ft.
- Lot Size: 0.14 acres
- Year Built: 1940
- Construction: Block
- Vacant
- Roof and HVAC are newer (less than 5 years)
Comps:
- 425 E Sessoms Ave, Lake Wales, FL 33853 (SOLD on 09/11/23 $299,000) (Duplex, 1 bed/1 bath + 2 beds/ baths, Heated Area: 1,652 sq ft, Lot Size: 0.31 acres, Year Built: 1937)
- 331 E St #A, Lake Wales, FL 33853 (FOR RENT $1,100 /mo) (1 bed + 1 bath, Heated Area: 504 sq ft, Year Built: 1950)