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875 S LAKE SHORE WAY

Multi-family Active With Contract
$389,900

BTC: 5.04398448

ETH: 159.20783993

21 days
6 bds
1,609 sqft

Overview

Under contract-accepting backup offers. Investor Description (Short & Straight to the Point) Income-producing property with endless upside! This unique investment features 3 grandfathered rental units generating approximately $5,700/month in rental income. Situated on one of Polk County's highest-traffic corridors, the property offers exceptional visibility, commercial-area potential, and possible billboard income (buyer to verify approvals). Buy below the cost of comparable commercial opportunities and capitalize on multiple future value-add possibilities.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1945
Lot:
0.33 Acres
Heating:
Central
Price/sqft:
$242
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$4,043
2025
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Ceiling Fan(s)

    • Open Floorplan

    Bedrooms and bathrooms

    • Bedrooms: 6

  • Property

    • Exterior Features: Garden / Private Mailbox / Private Yard / Storage

    Lot

    • Lot: 0.33 Acres

    Other Property Information

    • Parcel Number: 262805525000002090

    • Zoning: C-1

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Cable Available

    • Electricity Available

  • Other financial information

    • Annual tax amount: $4,043

  • Source details

    • MLS ID: S5154520

    Other facts

    • Construction Materials: Stucco

    • Foundation Details: Basement / Crawlspace

    • Laundry Features: Laundry Room

    • Living Area: 1609

    • Water Source: Public

    • Lot Size Dimensions: 100 x 145

    • Subdivision Name: ROCHELLE TERRACE

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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: LA ROSA REALTY LLC