Address
26 W Polk AVENUE, LAKE WALES, FL
Price
$ 499,900
Property Attributes
  • MLS#L4944606
  • TypeIncome
  • CountyPOLK
  • CityLAKE WALES
  • AreaLake Wales South
  • NeighborhoodTwin Lake Park Sub
  • Zip33853
  • StyleQuadruplex
  • Year Built1925
  • Taxes$ 2290
  • Price$ 499,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1740
  • Lot Size0.3 Acres
Data Source:
Stellar MLS
Property Description

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! ***Once property has an executed contract access will be granted during due diligence period.***

Price History
5/8/2024 Listed $499,900

General Features

Interior Features Other
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected,Sewer Connected,Water Connected
Roof Shingle
Exterior Features Other
Zoning C-2
Construction Materials Wood Frame
Year Built 1925
Property SubType Quadruplex
Tax Year 2023
Percent Ownership Fee Simple
County Polk
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name TWIN LAKE PARK SUB
Garage Y/N No
Status Active
Directions FROM HWY 60 TURN ONTO W POLK AVE. PROPERTY WILL BE IMMEDIATELY ON LEFT.
City LAKE WALES
Buyer Agent Compensation 2.5%-$295
Senior Community Y/N No
Total Units 4
MLS Area 33853 - Lake Wales South
Lot Size Square Feet 12950
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Polk
Listing Terms Cash,Conventional
Tax Annual Amount 2290.52
Public Remarks 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 h
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4944606
Days on Market 1
Standard Status Active
Tax Lot 3
Legal Description TWIN LAKE PARK SUB PB 3 PG 8 BLK 7 LOT 3 W 60 FT OF S 185 FT & LOT 4 E 10 FT OF S 185 FT
Water Access Y/N No
Water View Y/N No

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix AVENUE
Laundry Features Outside
LivingAreaSource Public Records
Living Area Units Square Feet

Exterior Features

Water Source Public
Lot Size Area 12950
Foundation Details Crawlspace
Number of Buildings 2
Building Area Total 1916
Lot Dimensions 70 x 185
Lot Size Acres 0.3
Road Surface Type Asphalt,Paved
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 33853

Price
AVG $490K
$500K
Taxes
AVG $3,021
$2,290
Visits
AVG 118
81
Data Provided by Inside Real Estate®
Year Built
AVG 1954
1925

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