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434 E TILLMAN AVENUE

Multi-family For Sale
$850,000

BTC: 28.33333333

ETH: 425.00000000

New
12 bds
4,466 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Discover an outstanding investment opportunity in the heart of Lake Wales! This 7-unit multifamily property offers strong rental income, solid occupancy, and multiple recent upgrades that make it a turnkey addition to your portfolio. The property features five 2-bed/1-bath units and two 1-bed/1-bath units, providing a versatile mix ideal for long-term tenants. Several major improvements have already been completed, including new roofs and some newer A/C systems, giving peace of mind and reducing upcoming maintenance costs. One of the standout benefits of this property is the large onsite storage area, offering excellent potential for expansion or value-add opportunities. Whether you’re looking to increase income with additional storage rentals or reconfigure the space for future improvements, the options are there. Located close to schools, shopping, dining, and major roadways, tenants enjoy convenience and strong accessibility—helping keep occupancy consistently high. Investor Highlights: • 7 rental units (5× 2/1 + 2× 1/1) • New roofs & some newer A/C units • Strong existing cash flow • High occupancy history • Expansion potential for storage area • Centrally located with steady rental demand This is the kind of multifamily property that rarely hits the market—stable, improved, and packed with upside. Don’t miss your chance to secure a high-performing asset in one of Central Florida’s growing markets!

Location

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1920
Lot:
0.26 Acres
Heating:
Electric
Price/sqft:
$190
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Heating

    • Electric

    Cooling

    • Central Air

    Other interior features

    • Ceiling Fan(s)

    • Solid Surface Counters

    • Solid Wood Cabinets

    Bedrooms and bathrooms

    • Bedrooms: 12

  • Property

    • Levels: Two

    • Exterior Features: None / Storage

    Lot

    • Lot: 0.26 Acres

    Other Property Information

    • Parcel Number: 273001883000042040

    • Zoning: R-2

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Utility

    • Cable Connected

    • Electricity Connected

    • Phone Available

  • Other financial information

    • Annual tax amount: $3,028

  • Source details

    • MLS ID: L4957773

    Other facts

    • Construction Materials: Vinyl Siding / Wood Frame

    • Foundation Details: Slab

    • Laundry Features: None

    • Living Area: 4466

    • Water Source: Public

    • Subdivision Name: LAKE WALES

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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 ©2025-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: BHHS FLORIDA PROPERTIES GROUP