About This Property

This multifamily investment property is strategically located in Lake Wales just off State Road 60, a major east-west corridor connecting Lake Wales to Lakeland and the broader Polk County market. The property is also just minutes from US Highway 27, providing convenient access to Lakeland as well as northbound routes to Davenport, Interstate 4, Celebration, and Kissimmee. The property consists of four income-producing rental units, including: One 3-bedroom unit currently leased for $1,200 per month One 2-bedroom unit currently leased for $850 per month One 1-bedroom unit currently leased for $850 per month One detached cottage currently leased for $850 per month All tenants are responsible for their own electric and water utilities, helping to minimize owner operating expenses. This property offers stable rental income with strong accessibility to major employment centers, transportation routes, and growing Central Florida markets.

Key Features

• Built in 1950

Property Details

• Type: Single Family Home
• Year Built: 1950
• Lot Size: 0 sq ft
• Sq Ft: 2,188
• Price / Sq Ft: $181
• HOA: Contact Agent
• Bedrooms: 8
• Bathrooms: 0
• Feature: Built in 1950
• Status: Active
• MLS Number: MFR794305682
• Days on Market: 125
• Listed By: KELLER WILLIAMS REALTY SMART 1 · David Reyes
• Zip Code: 33853