$
236 WASHINGTON AVE
Lake Wales, Polk, FL, 33853
$725,000
$176/sqft
About this home
Amazing opportunity to expand your real estate holdings in fast-growing central Florida. Lake Wales is among the most robust and exciting cities for investment opportunities, with the city and surrounding Polk County expanding rapidly. This 8-plex is always at capacity in a single-story, single building complex. The major systems of the home have all been recently upgraded. The roof is BRAND NEW, along with the sewer line and many windows. Complex was completely remodeled with electric and plumbing in 2022, and has provided steady cash flow. Complex is built to last with concrete block exterior construction on a concrete foundation, not raised. Tenants pay for their own electric and water, so expenses are minimal. Low property taxes and 1031 exchange opportunity.
Facts & Features
- MLS ID#
- MFRO6243795
- Price
- $725,000
- Status
- Active
- Bedrooms
- 16
- Bathrooms
- 9
- Full Baths
- 8
- Half Baths
- 1
- Square Footage
- 4,123 sqft
- Acres
- 0.3500
- Year Built
- 1950
- Type
- Residential
- Subtype
- Half Duplex
- Style
- N/A
Community Information
- Address
- 236 WASHINGTON AVE
- Subdivision
- Lake Wales Land County Sub
- City
- Lake Wales
- County
- Polk
- State
- FL
- Zip Code
- 33853
- Senior Community
- No
Amenities
- Amenities
- N/A
- Parking
- N/A
- View
- No
- Waterfront
- No
- Pool
- No
Interior
- Interior Features
- Open Floorplan
- Heating
- Electric
- Cooling
- Wall/Window Unit(s)
- Flooring
- Tile
- Fireplace
- N/A
- Stories
- 1
- Appliances
- Range, Refrigerator, Cooktop
Exterior
- Exterior Features
- Courtyard
- Construction
- Block
- Foundation
- Slab
- Roof
- Shingle
- Fencing
- Fenced, Wood
- Lot Features
- N/A
School Information
- Elementary
- N/A
- Middle
- N/A
- High
- N/A
Additional Information
- Date Listed
- September 22, 2024
- Days on Market
- 143
- Zoning
- R-3
- Direction Faces
- North
- New Construction
- No
Mortgage Calculator
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This calculator provides estimates for informational purposes only and is not a loan offer, pre-approval, or commitment to lend. Actual rates, payments, and loan terms vary by lender and are subject to credit approval, income/asset verification, and market conditions. Property tax and homeowners insurance shown are estimates and may differ. PMI applies when the down payment is under 20%. For an official Loan Estimate, contact a licensed mortgage lender. ALABAMA LLC is a licensed real estate brokerage, not a mortgage lender. Equal Housing Opportunity.
Location
Lake Wales, Polk, FL, 33853
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