335 E Central Avenue Lake Wales Florida | Home for Sale
To schedule a showing of 335 E Central Avenue, Lake Wales, Florida, Call David Shippey at 863-521-4517 TODAY!
Lake Wales, FL 33853
- 7Beds
- 5.00Total Baths
- 0 Full, 0 HalfBaths
- 3,728SqFt
- 1923Year Built
- 0.41Acres
- MLS# P4931739
- Income
- Quadruplex
- Active
- Approx Time on Market25 days
- Area33853 - Lake Wales South
- CountyPolk
- Subdivision Lake Wales
Overview
Investor Alert! Current CAP Rate of .085! Great income producing investment property in the heart of Lake Wales currently providing $ 55,200.00of annual income with room for increases. 4 rental units on the premises including the main residence that offers a 3 bedroom 2 bath refurbished 1923 craftsman style bungalow. There are two separate free standing buildings at the rear of the property that includes 2 bedrooms & 1 bath, and 1 bedroom and 1 bathroom. There is also an apartment on the back of the main residence which offers a 1 bedroom and 1 bath. All units have separate meters for electric and water. All units other than the main residence have window ac units. This property also includes the adjacent green-space on the property next to the main residence and fronts Central Avenue which has potential to add additional rental units. Location allows quick access to downtown restaurants , grocery stores, schools, and one block to the lake and park to enjoy. Ample parking for all tenants. All units are on annual leases with an opportunity to increase rates to market value. Measurements include all 4 units square footage and are approximate therefore not exact. Don't let this great opportunity pass. By appointment only. Preferred afternoon showings due to night shift of tenants.
Agriculture / Farm
Grazing Permits Blm: ,No,
Grazing Permits Forest Service: ,No,
Grazing Permits Private: ,No,
Horse: No
Association Fees / Info
Community Features: StreetLights, Sidewalks
Senior Community: No
Association: ,No,
Bathroom Info
Total Baths: 5.00
Building Info
Window Features: AluminumFrames
Roof: Metal, Shingle
Building Area Source: PublicRecords
Buyer Compensation
Exterior Features
Patio: Covered, FrontPorch
Pool Private: No
Fees / Restrictions
Financial
Gross Income: 54,000
Expense Tenant: Electricity, Water
Original Price: $550,000
Disclosures: DisclosureonFile,SellerDisclosure
Garage / Parking
Open Parking: No
Parking Features: Assigned, Driveway, Guest
Attached Garage: No
Garage: No
Carport: No
Green / Env Info
Irrigation Water Rights: ,No,
Interior Features
Fireplace Desc: FamilyRoom
Fireplace: Yes
Floors: CeramicTile, Wood
Levels: One
Spa: No
Laundry Features: Inside
Interior Features: BuiltinFeatures, CeilingFans, CrownMolding, CathedralCeilings, HighCeilings, KitchenFamilyRoomCombo, LivingDiningRoom, MainLevelPrimary, OpenFloorplan, SplitBedrooms, SolidSurfaceCounters, VaultedCeilings, WalkInClosets, WoodCabinets
Appliances: BuiltInOven, Cooktop, Dryer, Dishwasher, ExhaustFan, ElectricWaterHeater, Disposal, IceMaker, Microwave, Refrigerator, Washer
Lot Info
Direction Remarks: From Highway 27 in Lake Wales. Turn East onto Central Avenue. Travel approximately 3 miles through downtown Lake Wales. The property will be located on the Northside of Central Avenue East. Real Estate in front of the residence.
Lot Size Units: Acres
Lot Size Acres: 0.41
Lot Sqft: 17,977
Est Lotsize: 120x150
Lot Desc: CityLot, Flat, Landscaped, Level, OversizedLot
Misc
Other
Special Conditions: None
Other Rooms Info
Basement: CrawlSpace
Basement: No
Property Info
Habitable Residence: ,No,
Section: 01
Class Type: Quadruplex
Property Sub Type: Quadruplex
Property Condition: NewConstruction
Property Attached: No
New Construction: No
Construction Materials: Cedar, WoodSiding, WoodFrame
Stories: 1
Mobile Home Remains: ,No,
Foundation: Crawlspace, Slab
Home Warranty: ,No,
Human Modified: Yes
Sqft Info
Sqft: 3,728
Bulding Area Sqft: 4,000
Living Area Units: SquareFeet
Living Area Source: PublicRecords
Tax Info
Tax Year: 2,023
Tax Lot: 18
Tax Legal Description: LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 33 LOTS 18 & 19
Tax Block: 33
Tax Annual Amount: 3924.64
Tax Book Number: 1-88A
Unit Info
Rent Controlled: No
Total Units: 4
Total Actual Rent: 4,500
Utilities / Hvac
Electric On Property: ,No,
Heating: Central, Electric, Other
Water Source: Public, MultipleMeters
Sewer: PublicSewer
Cool System: CentralAir, WallWindowUnits, AtticFan, CeilingFans
Cooling: Yes
Heating: Yes
Utilities: CableConnected, ElectricityConnected, HighSpeedInternetAvailable, SewerAvailable, WaterConnected
Waterfront / Water
Waterfront: No
View: No
Directions
From Highway 27 in Lake Wales. Turn East onto Central Avenue. Travel approximately 3 miles through downtown Lake Wales. The property will be located on the Northside of Central Avenue East. Real Estate in front of the residence.This listing courtesy of Florida Realty Investments
The information being provided by © 2024 My Florida Regional MLS DBA Stellar MLS is for the consumer's
personal, non-commercial use and may not be used for any purpose other than to
identify prospective properties consumer may be interested in purchasing. Any information relating
to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX)
program of the My Florida Regional MLS DBA Stellar MLS. XCELLENCE REALTY, INC is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of XCELLENCE REALTY, INC, a broker participant of My Florida Regional MLS DBA Stellar MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
MLS IDX data last updated on 09-20-2024 7:49 PM EST.
If you have any questions on 335 E Central Avenue, Lake Wales, Florida, please call David Shippey at 863-521-4517.
MLS# P4931739 located at 335 E Central Avenue, Lake Wales, Florida is brought to you by David Shippey REALTOR®
335 E Central Avenue, Lake Wales, Florida has 7 Beds, 0 Full Bath, and 0 Half Bath.
The MLS Number for 335 E Central Avenue, Lake Wales, Florida is P4931739.
The price for 335 E Central Avenue, Lake Wales, Florida is $550,000.
The status of 335 E Central Avenue, Lake Wales, Florida is Active.
The subdivision of 335 E Central Avenue, Lake Wales, Florida is Lake Wales.
The home located at 335 E Central Avenue, Lake Wales, Florida was built in 2024.
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