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502 S 7TH STREET

Multi-family Recently Sold
$225,000

BTC: 3.63137508

ETH: 128.86597938

Sold on: 2021-08-31
2 days
0 room(s)
1,344 sqft

Overview

Turn-Key investment property! Recently and completely remodeled, these two units offer 2 Bed/1 Bath each. 2021 new roof, R-30 blown-in insulation, exterior painted and new central a/c on one side. 2020 all windows replaced with double-pane, energy efficient windows. 2017/2018 interior on both sides completely renovated. New tile throughout, new kitchens, new bathrooms, new hot water heaters, new ceiling fans, new doors, baseboards and new a/c. Each unit has it's own electric meter and there is a large parking pad for ample parking. Both sides rented, with good renters and leases through December, 2021. Centrally located in Lake Wales, right off Hwy 60E, near State Road 27, Babson Park and Winter Haven.

Location

Florida • LAKE WALES • 33853 • Multi-family • Recently Sold

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1973
Lot:
0.22 Acres
Heating:
Central
Price/sqft:
$167
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$225,000
$181K – $479K
Confidence Low
List vs. estimate
At estimate
List $225,000 · +0.0%
List is in line with recent comparable activity.
Price per sq ft
$167
-8.3% vs. city median $182
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$1,269
2020
All facts and features

  • Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Electric Water Heater

    • Microwave

    • Range

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

  • Property

    • Exterior Features: Sidewalk / Storage

    Lot

    • Lot: 0.22 Acres

    Other Property Information

    • Parcel Number: 273012920500001010

    • Zoning: R-3

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $1,269

  • Source details

    • MLS ID: K4901441

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Living Area: 1344

    • Water Source: Public

    • Lot Size Dimensions: 65 x 150

    • Subdivision Name: PALM PARK TERRACE

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33853
137
median $239K
Active
Same city
LAKE WALES
695
median $199K
Active
Same type
Multi-family
8
median $344K
Active
Similar price
$157K – $292K
220
median $226K
Active

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: WESTLAKE REAL ESTATE CO., INC.