Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Windian Lake Heights Sub
MLS Listing ID A11919610
HOA Y/N No
Year Built 1989
Annual Tax Amount $2,780
Tax Year 2024
Property Sub-Type Triplex
Property Description
Offering LOW OPERATING EXPENSES And VALUE-ADD OPPORTUNITY Located Just 3 Blocks From Lake Walk In Water's
Public Boat Ramp In Eastern Lake Wales, Florida. Current Income: $2,075/Month and $24,900/Year Potential Gross
Income: $2,675/Month and $32,100.00/Year The 3 residences sit on a well kept, 0.54 acre lot zoned R-3 with 198+\-ft of
canal frontage with direct access to Lake Walk-In Water. Unit A (OCCUPIED): 2BR/1BA, 1978, 728 sqft single wide mobile
home at $900/month. Unit B (VACANT- VALUE-ADD): 1BR/1BA 1975 , 485 sq ft concrete block apartment featuring a
kitchenette and its own private dock. The vacant unit allows for new owner to place a tenant for immediate income or
possible renovations and upgrades for increased rent. Previously rented for $600/month. Unit C (OCCUPIED): Updated and
spacious 1989, 924 sq ft 3BR/2BA single wide mobile home generating $1,175/month. Landlord pays taxes and insurance. This stabilized multifamily property offers investors an exceptional cap rate, low
operational expenses, canal frontage with direct access to Lake Walk-In-Water, value appreciation and value-add
opportunity with a new tenant for immediate income and renovation potential for increase rent. Call to schedule an appointment. SELLER WILL CONSIDER SELLER
FINANCE ALSO!
Location
State FL
County Polk
Community Windian Lake Heights Sub
Area 5940 Florida Other
Direction Head north on FL-17, turn south on T S Wilson Rd. In 5.4 miles turn right on Blue Jordan Rd and continue straight onto walker in water rd, turn right onto Boat Landing Rd then right on Tiger Creek Rd, arrived to destination 0.2 miles on the left.
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Hardwood, Wood
Exterior
Pool None
Utilities Available Cable Available
Waterfront Description Canal Front
Roof Type Metal
Private Pool No
Building
Story 1
Sewer Other
Water Well
Level or Stories One
Structure Type Block
Others
Tax ID 29-31-05-000000-023030
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11919610
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