Located in beautiful Lake Wales is this solid concrete block triplex separately metered for electricity and connected to one water meter. The septic tank was replaced last year and the roof was last installed in 2005. All units have their HVAC system, and washer and dryers. It consists of two one-bedroom and one-bathroom units, and one two-bedroom and one-bathroom unit.
Currently, the two-bedroom unit is occupied on a lease until October at $550 a month, the other two units are move-in ready for a market rent of $950 each as well as a market rent rate of $1,150 for the two-bedroom unit. With increases in rent for each unit you can easily increase your cash flow. Importantly, the price per door is much lower than other multifamily properties in the area, making it a rare discounted opportunity. In addition, this is the only triplex in its quaint neighborhood giving it a nice curb appeal for a quick tenancy. For more information on this multifamily gem, contact us today.