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434 E TILLMAN AVENUE

Recently Sold
$780,000

BTC: 12.69579810

ETH: 446.73539519

Sold on: 2026-03-13
44 days
12 bds
4,466 sqft

Overview

Price Reduced $25,000 – Seller Motivated! An outstanding investment opportunity just got even better in the heart of Lake Wales. The seller has lowered the price by $25,000, creating a compelling value for investors seeking strong cash flow and long-term upside. This 7-unit multifamily property offers solid rental income, strong occupancy, and multiple recent upgrades—making it a true turnkey addition to any portfolio. The unit mix includes five 2-bed/1-bath units and two 1-bed/1-bath units, a proven combination for stable, long-term tenancy. Major improvements have already been completed, including new roofs and some newer A/C systems, helping reduce future capital expenses and enhance operational efficiency. A standout feature is the large onsite storage area, presenting excellent value-add or expansion potential. Whether converted into income-producing storage units or reconfigured for future improvements, this space offers flexibility and upside. Ideally located near schools, shopping, dining, and major roadways, the property benefits from strong tenant demand and consistent occupancy. Investor Highlights • Price reduced $25,000 • 7 units (5× 2/1 + 2× 1/1) • New roofs & newer A/C systems • Strong existing cash flow • High occupancy history • Expansion or storage income potential • Central Lake Wales location With pricing improved and upside still intact, this is a rare opportunity to acquire a stabilized multifamily asset with room to grow. Bring your offers—this one is ready to move.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1920
Lot:
0.26 Acres
Heating:
Electric
Price/sqft:
$185
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$3,028
2024
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 (5+)

  • 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 ©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: BHHS FLORIDA PROPERTIES GROUP