$392,000
$420,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
116 E NORTHSIDE DR Lake Wales, FL 33853
2 Beds
1 Bath
2,448 SqFt
Key Details
Sold Price $392,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,448 sqft
Price per Sqft $160
Subdivision Northside Heights
MLS Listing ID L4931143
Sold Date 12/05/22
Bedrooms 2
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1964
Annual Tax Amount $2,394
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 50x199
Property Description
Beautiful lake-front income producing property in fast growing Polk County, Florida! Listed at 9.5% gross ROI, these updated units will bring a nice return with minimal repairs over the next few years. These duplexes are block construction, have brand new roofs and are updated inside. Fresh paint in and out. New AC units. All 4 units are rented at $850 for a monthly income of $3,420. Lots of green space and beautiful views of Lake Effie. New gravel and stops in parking area. Tenants pay their own electric and water. Demand for rentals is very high! You will always have a waiting list. Call today to secure your new income stream! Double your investment with Listing #L4931142, which is the exact same buildings and rent. Please do not disturb tenants. Inside showings available after accepted offer.
Location
State FL
County Polk
Community Northside Heights
Zoning R-3
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Fireplace false
Appliance Range, Refrigerator
Exterior
Exterior Feature Other
Parking Features Open
Utilities Available Electricity Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Septic Tank
Water Public
Structure Type Block
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with STELLAR NON-MEMBER OFFICE
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