Lake Wales FL Multi Family for Sale

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Type:
Duplex
Sq.Ft.:
2,765
Status:
Active
Beds:
n/a
Lot size:
1 Acres
Year built:
2000
Baths:
MLS#:
P4932667
Subdivision:
Lk Wales Est 331

ADDITIONAL INFORMATION

One or more photo(s) has been virtually staged. One or more photo(s) has been virtually staged. Welcome to this beautifully renovated property, offering a perfect blend of modern comfort and classic appeal. Set on over a fully fenced acre, this home features high ceilings and a split floor plan with three spacious bedrooms, all having walk in closets and two well-appointed bathrooms in the main house. Enjoy relaxing on the inviting front porch or entertaining in the openconcept kitchen, complete with granite countertops and stainless steel appliances. The master suite boasts a large walk-in closet and a luxurious bathroom with double vanities and a stunning tiled shower. For added convenience, there’s an indoor laundry room and a water treatment system. In addition to the main residence, a detached guest house provides an extra level of privacy, featuring one bedroom, a full bathroom, a open concept living space and a large kitchen making it perfect for guests or rental potential. The oversized garage enhances functionality with a convenient half bath. Don’t miss your chance to own this exceptional property that combines space, style, and versatility!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
4
Year built:
1961
Baths:
2.00
MLS#:
L4948447
Subdivision:
Thulberrys Second Sub

ADDITIONAL INFORMATION

This block construction duplex in Lake Wales features two 2 bed, 1 bath units, each currently rented at $800/month. With rental comps in the area at $1,100/month, there’s excellent potential to increase cash flow. This property is easily maintained thanks to its solid block construction, making it a hassle-free investment. A great opportunity for investors looking for steady income and room for growth in rental rates! Both Leases that are in place expire in December

Type:
Duplex
Sq.Ft.:
2,624
Status:
Active
Beds:
n/a
Year built:
1964
Baths:
MLS#:
P4931306
Subdivision:
Not In Subdivion

ADDITIONAL INFORMATION

VERY RARE AND UNIQUE LAKEFRONT HOME/DUPLEX ON LAKE KISSIMMEE*** MOVE IN READY, INCOME PRODUCING OPPORTUNITY! LIVE ON ONE SIDE AND RENT THE OTHER OR RENT BOTH FOR MAXIMUM INVESTMENT RETURN. ENJOY THE PICTURESQUE BREATHTAKING VIEWS. VERY WELL MAINTAINED. THIS OUTSTANDING GET AWAY/OASIS HAS BEEN COMPLETELY UPDATED. THERE IS A SHARED SPACE SUCH AS A LAUNDRY ROOM AND PATIO WITH FANTASTIC VIEWS OF THE LAKE FROM THE HUGE WINDOWS ALL UNDER A/C. EACH UNIT HAVING THEIR OWN KITCHEN, LIVING ROOM, FULL BATH AND MASTER BEDROOM. YOU WILL LOVE THE COVERED DOCK, PERFECT FOR THE WATER ENTHUSIAST WITH WORLD CLASS BASS FISHING FROM YOUR BACKYARD WHETHER YOU'RE RELAXING FISHING, JET SKIING, BOATING OR ENTERTAINING. GRAPE HAMMOCK FISH CAMP IS NEARBY. THE LARGE COVERED DOCK HAS A BOAT LIFT ON ONE SIDE AND BOAT SLIP ON THE OTHER. THIS WONDERLAND OF WATERFRONT COMES TASTEFULLY FURNISHED INCLUDING APPLIANCES. BEING THE IDEAL INVESTMENT FOR SEASONAL HOME, FAMILY, GUESTS, RENTERS, OR AN AIR BNB, SHORT TERM RENTALS ARE OK. WATCH LAUNCHES FROM CAPE CANAVERAL, NEW DOUBLE PANE WINDOWS, METAL ROOF, WATER SOFTENER, ON DEMAND PROPANE WATER HEATER, EXTRA THICK SEAWALL, 2 A/C UNITS. GOLF CART GARAGE, DRIVEWAY CAN ACCOMMODATE AN RV WITH FULL HOOKUPS, OR UP TO NINE VEHICLES, BOATS AND TRAILERS. SITTING ON A DEAD END STREET... YOUR PRIVATE LAKE LIFE IS WAITING FOR YOU....

Type:
Fourplex
Sq.Ft.:
1,916
Status:
Active
Beds:
n/a
Year built:
1925
Baths:
MLS#:
L4944606
Subdivision:
Twin Lake Park Sub

ADDITIONAL INFORMATION

Looking for an investment opportunity look no further! This triplex also has a detached unit and is nestled on an oversized lot in the heart of Lake Wales just minutes from downtown. The front unit has 1 bedroom and 1 bathroom and is nearly 500 living sq. ft. The rear unit also has 1 bedroom and 1 bathroom with nearly 500 living sq. ft. The third unit is a studio that is roughly 400 living sq. ft. The detached unit has 2 bedrooms and 1 bathroom and is just over 600 sq. ft. All units are occupied with the monthly rents totaling $3,995.00 and an annual gross income of $47,940.00. So call today to get in on the action before this amazing opportunity slips away!

Type:
Fourplex
Sq.Ft.:
4,116
Status:
Active
Beds:
n/a
Lot size:
1 Acres
Year built:
1925
Baths:
MLS#:
L4944595
Subdivision:
Lake Wales

ADDITIONAL INFORMATION

**Buyers financing fell through***Looking for an investment opportunity look no further! This single family home also has a detached duplex and 2 additional tiny homes. This oversized lot is nestled in the heart of Lake Wales just minutes from downtown. The single family home is nearly 2,300 living sq. ft. and is currently used for student housing. The main house has 5 bedrooms 2 bathrooms. The detached duplex with 2 studios and 2 bathrooms. There are also two additional single family homes that are both 1 bedroom and 1 bathroom. The monthly rents total $6,635.00 and an annual gross income of $79,620.00. So call today to get in on the action before this amazing opportunity slips away!

Type:
Multi-Family
Sq.Ft.:
4,660
Status:
Active
Beds:
6
Lot size:
1 Acres
Year built:
1923
Baths:
8.00
MLS#:
K4902471
Subdivision:
Highland Park Sub

ADDITIONAL INFORMATION

Unique opportunity to own a true LAKEFRONT 6 unit income property! With 100 feet of frontage on Lake Easy and a large one acre lot, this 4660+ square foot Multi-Family property has something to offer for everyone. Located in the quaint village of Highland Park, this location features a community park, walkable streets for afternoon or morning strolls, old growth and mature landscaping everywhere with that nostalgic feeling of a true neighborhood. Access to Lake Easy provides both fishing and recreation with its sandy bottom and panoramic views. This one-of-a-kind property is a must see to appreciate. All units have leases in place with a total monthly income generating approx $6870. There are two 2 bedroom/2 bath downstairs units, both lakefront; two upstairs 1 bedroom/1 bath units, both lakefront; and 2 studio units, with no lakefront views. Most units have been recently updated, with 2 units ready to be refreshed when there is a tenant turnover (which is rare!)

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1950
Baths:
MLS#:
S5099484
Subdivision:
Fresco Park

ADDITIONAL INFORMATION

Welcome to an exceptional investment opportunity! This meticulously maintained duplex offers two separate units, each featuring 1 bedroom and 1 bathroom, making it an ideal income-producing property. Nestled in a desirable location, this duplex combines practicality with potential, ensuring a steady stream of rental income. The property has been meticulously maintained, reducing the need for ongoing repairs and maintenance costs. Whether you're a seasoned investor or just starting in the real estate market, this duplex is a fantastic addition to your portfolio. This duplex is not just a property; it's a strategic investment in your financial future. Don't miss the chance to capitalize on the steady income and growth potential offered by this exceptional duplex. Schedule a viewing today and explore the possibilities that await you!

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Andrea Conner, License #BK3437731, Xome Inc., License #1043756, [email protected], 844-400-9663, 750 State Hwy 121 Bypass, Suite 100, Lewisville, TX 75067


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Lake Wales Real Estate

The median home value in Lake Wales, FL is $279,925. This is lower than the county median home value of $312,500. The national median home value is $338,100. The average price of homes sold in Lake Wales, FL is $279,925. Approximately 47.92% of Lake Wales homes are owned, compared to 34.31% rented, while 17.77% are vacant. Lake Wales real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lake Wales real estate agent to arrange a tour today!

Lake Wales, Florida has a population of 16,173. Lake Wales is less family-centric than the surrounding county with 23.5% of the households containing married families with children. The county average for households married with children is 26.62%.

The median household income in Lake Wales, Florida is $49,226. The median household income for the surrounding county is $55,099 compared to the national median of $69,021. The median age of people living in Lake Wales is 45.4 years.

Lake Wales Weather

The average high temperature in July is 92.5 degrees, with an average low temperature in January of 50.2 degrees. The average rainfall is approximately 50.7 inches per year, with 0 inches of snow per year.

Lake Wales Real Estate Market Conditions

  • Median sales price

    $279,925
    25.4% change since last quarter
  • # Active listings

    575
    30-day change

Lake Wales Schools and Demographics

Education near Lake Wales, FL

Metric City County
High School Graduates 85.83 86.36
College Degree - 2 year 8.83 9.74
College Degree - 4 year 20.28 21.01
Graduate Degree 6.87 5.22
Expenditures per Student 10,984 10,984
Students per Teacher 17.8 17.8

Elementary Schools near Lake Wales, FL

School Grades Students P/T Ratio ZIP
Chain of Lakes Elementary School PK - 05 1,077 17.4 33884
Dale R Fair Babson Park Elementary School KG - 05 457 15.2 33827
Dundee Elementary Academy PK - 04 512 13.8 33838
Garden Grove Elementary School PK - 05 562 15.2 33884
Hillcrest Elementary School PK - 05 678 14.4 33853
Janie Howard Wilson School PK - 05 476 14 33853
Polk Avenue Elementary School PK - 05 482 14.6 33853
Spook Hill Elementary School PK - 05 629 14.6 33853

Middle Schools near Lake Wales, FL

School Grades Students P/T Ratio ZIP
BOK Academy 06 - 08 590 16.9 33859
Dundee Ridge Middle Academy 05 - 08 677 15.4 33838
McLaughlin Middle School and Fine Arts Academy 06 - 08 794 15.3 33853

High Schools near Lake Wales, FL

School Grades Students P/T Ratio ZIP
Lake Wales Senior High School 09 - 12 1,439 22.1 33853

Ungraded Schools near Lake Wales, FL

School Grades Students P/T Ratio ZIP
Don E Woods Opportunity Center 06 - 12 127 9.1 33838
Roosevelt Academy 06 - 12 290 11.6 33853

Demographics near Lake Wales, FL

Metric City County
Neighborhood Type Suburban
Population 16,173 713,148
Population Density 864 397
Median Age 45.4 40.1
People per Household 2.4 2.8
Median Household Income 49,226 55,099
Average Income per Capita 25,469 27,909