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335 E CENTRAL AVENUE

Multi-family For Sale
$550,000

BTC: 8.74994472

ETH: 216.26297578

25 days
7 bds
3,728 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Investor Alert! Current CAP Rate of .085! Great income producing investment property in the heart of Lake Wales currently providing $ 55,200.00of annual income with room for increases. 4 rental units on the premises including the main residence that offers a 3 bedroom 2 bath refurbished 1923 craftsman style bungalow. There are two separate free standing buildings at the rear of the property that includes 2 bedrooms & 1 bath, and 1 bedroom and 1 bathroom. There is also an apartment on the back of the main residence which offers a 1 bedroom and 1 bath. All units have separate meters for electric and water. All units other than the main residence have window ac units. This property also includes the adjacent green-space on the property next to the main residence and fronts Central Avenue which has potential to add additional rental units. Location allows quick access to downtown restaurants , grocery stores, schools, and one block to the lake and park to enjoy. Ample parking for all tenants. All units are on annual leases with an opportunity to increase rates to market value. Measurements include all 4 units square footage and are approximate therefore not exact. Don't let this great opportunity pass. By appointment only. Preferred afternoon showings due to night shift of tenants.

Location

Facts and features

Type:
Residential Income
Parking:
Assigned / Driveway / Guest
Year Built:
1923
Lot:
0.41 Acres
Heating:
Central / Electric / Other
Price/sqft:
$148
Cooling:
Central Air / Wall/Window Unit(s)
HOA:
No Data
All facts and features
  • Flooring

    • Ceramic Tile

    • Hardwood

    Heating

    • Central

    • Electric

    • Other

    Cooling

    • Central Air

    • Wall/Window Unit(s)

    Appliances

    • Built-In Oven

    • Cooktop

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Exhaust Fan

    • Ice Maker

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Attic Fan

    • Cathedral Ceiling(s)

    • Ceiling Fan(s)

    • Crown Molding

    • High Ceilings

    • Kitchen/Family Room Combo

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Primary Bedroom Main Floor

    • Solid Surface Counters

    • Solid Wood Cabinets

    • Split Bedroom

    • Thermostat

    • Vaulted Ceiling(s)

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 7

  • Parking

    • Assigned

    • Driveway

    • Guest

    Property

    • Levels: One

    • Exterior Features: Sidewalk

    Lot

    • Lot: 0.41 Acres

    Other Property Information

    • Parcel Number: 273001883000033180

    • Zoning: R-2

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • BB/HS Internet Available

    • Cable Connected

    • Electricity Connected

    • Sewer Available

    • Street Lights

    • Water - Multiple Meters

    • Water Connected

  • Other financial information

    • Annual tax amount: $3,925

  • Source details

    • MLS ID: P4931739

    Other facts

    • Construction Materials: Cedar / Wood Frame / Wood Siding

    • Foundation Details: Crawlspace / Slab

    • Fireplace Features: Family Room

    • Laundry Features: Inside

    • Lot Features: City Lot / Landscaped / Level / Oversized Lot / Sidewalk

    • Patio And Porch Features: Covered / Front Porch

    • Window Features: Aluminum Frames

    • Fireplace: Yes

    • Living Area: 3728

    • Water Source: Public

    • Lot Size Dimensions: 120 x 150

    • 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 ©2024-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: FLORIDA REALTY INVESTMENTS