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646 BEVERLY DRIVE

For Sale
$275,000

BTC: 3.31325301

ETH: 113.07565789

31 days
4 bds
2 ba
1,782 sqft

Overview

Virtually Staged. INVESTMENT OPPORTUNITY in Lake Wales! This well-constructed brick duplex presents an excellent opportunity to acquire an income-producing property with additional value-add potential. The property consists of two spacious 2-bedroom, 1-bath units, each offering an oversized driveway for ample off-street parking and access to a fenced-in backyard. The durable brick construction and solid foundation provide a strong starting point for continued ownership and improvement. Several significant updates have already been completed. Unit 648 features an AC system, water heater, and luxury vinyl plank flooring installed approximately two years ago. The property was also updated with new plumbing approximately two and a half years ago, and the septic tank and drain field were replaced approximately four and a half years ago. One unit is currently rented, while the second unit is vacant and provides an opportunity for an investor to renovate, lease, and increase overall income potential. With approximately $30,000 in potential annual rental income when fully occupied, this property offers the opportunity to combine existing rental income with future upside through strategic improvements. Located in Lake Wales, the property provides convenient access to local shopping, dining, schools, parks, and major roadways, making it a practical location for both residents and rental tenants. A solid opportunity for an investor seeking a two-unit property with established improvements and room to add value.

Location

Details

Type:
Residential
Parking:
Driveway
Year Built:
1983
Lot:
0.26 Acres
Heating:
Central
Price/sqft:
$154
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$359,000
$259K – $409K
Confidence Low
List vs. estimate
$84K below estimate
List $275,000 · -23.4%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$154
-6.5% vs. city median $165
Based on
13 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,414
2026
View
Trees/Woods
Pets
Allowed
All facts and features
  • Flooring

    • Carpet

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Range

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Split Bedroom

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Full bathrooms: 2

  • Parking

    • Driveway

    Property

    • Levels: One

    • Exterior Features: Lighting / Private Entrance / Private Mailbox / Rain Gutters / Sidewalk

    Lot

    • Lot: 0.26 Acres

    Other Property Information

    • Parcel Number: 273011915500003110

    • Zoning: R-2

  • Type and style

    • Property Type: Residential

    • Property Sub Type: 1/2 Duplex

  • Utility

    • Electricity Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $3,415

  • Source details

    • MLS ID: L4965085

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Laundry Features: Electric Dryer Hookup / In Kitchen / Laundry Closet / Washer Hookup

    • Patio And Porch Features: Front Porch / Rear Porch

    • Window Features: Blinds / Window Treatments

    • Direction Faces: North

    • Living Area: 1782

    • Water Source: Public

    • Lot Size Dimensions: 68 x 160

    • Subdivision Name: RIDGE MANOR

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KELLER WILLIAMS REALTY SMART 1