Property Attributes
- MLS#K4902471
- TypeIncome
- CountyPOLK
- CityLAKE WALES
- AreaLake Wales
- NeighborhoodHighland Park Sub
- Zip33898
- StyleMulti Family
- Year Built1923
- Taxes$ 10378
- Price$ 899,000
- Bedrooms6
- Full Bathrooms8
- Half Bathrooms0
- Sqr Footage4264
- Lot Size0.99 Acres
Data Source:
Stellar MLS
Property Description
Unique opportunity to own a true LAKEFRONT 6 unit income property! With 100 feet of frontage on Lake Easy and a large one acre lot, this 4660+ square foot Multi-Family property has something to offer for everyone. Located in the quaint village of Highland Park, this location features a community park, walkable streets for afternoon or morning strolls, old growth and mature landscaping everywhere with that nostalgic feeling of a true neighborhood. Access to Lake Easy provides both fishing and recreation with its sandy bottom and panoramic views. This one-of-a-kind property is a must see to appreciate. All units have leases in place with a total monthly income generating approx $6870. There are two 2 bedroom/2 bath downstairs units, both lakefront; two upstairs 1 bedroom/1 bath units, both lakefront; and 2 studio units, with no lakefront views. Most units have been recently updated, with 2 units ready to be refreshed when there is a tenant turnover (which is rare!)
Price History | |
---|---|
3/20/2024 | Listed $899,000 |
General Features
Interior Features | Ceiling Fan(s),Living Room/Dining Room Combo,Split Bedroom |
---|---|
Sewer | Septic Tank |
Heating | Baseboard,Electric |
Cooling | Wall/Window Unit(s) |
Utilities | Cable Available,Electricity Connected,Street Lights,Water Connected |
Roof | Other,Shingle |
Appliances | Dryer,Electric Water Heater,Range,Range Hood,Refrigerator,Washer |
Exterior Features | Outbuilding,Balcony,Other,Rain Gutters,Storage |
Zoning | R-2 |
Patio/Porch Features | Deck,Patio,Porch |
Construction Materials | Stucco,Wood Frame |
Pets Allowed | Yes |
Year Built | 1923 |
View | Water |
Levels | Two |
Unit Number | A-F |
Property SubType | Multi Family |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Waterfront Features | Lake |
Community Features | Golf,Park,Playground,Sidewalks |
County | Polk |
New Construction | No |
Property Type | Residential Income |
Association Amenities | Park,Playground |
HOA / Comm Assn | No |
Attached Garage | No |
Subdivision Name | HIGHLAND PARK SUB |
Garage Y/N | No |
Other Structures | Shed(s),Storage |
Status | Active |
Directions | From Lake Wales,travel south on Scenic Hwy,turn left into Village of Highland Park,road forks,stay right. Continue through neighborhood keeping right,property is on the right side of the road. |
City | LAKE WALES |
Buyer Agent Compensation | 2.5% |
Body of Water | Lake Easy |
Senior Community Y/N | No |
Total Units | 6 |
MLS Area | 33898 - Lake Wales |
Lot Size Square Feet | 43085 |
Private Pool | No |
Waterfront Y/N | Yes |
Carport Y/N | No |
Street Name | Highland Park |
Listing Terms | Cash,Conventional |
Property Attached Y/N | Yes |
Tax Annual Amount | 10378.05 |
Public Remarks | Unique opportunity to own a true LAKEFRONT 6 unit income property! With 100 feet of frontage on Lake Easy and a large one acre lot,this 4660+ square foot Multi-Family property has something to offer |
Ok to Lease | 12 Months |
Lease Considered Y/N | Yes |
Virtual Tour | https://www.propertypanorama.com/instaview/stellar/K4902471 |
Days on Market | 8 |
Standard Status | Active |
Tax Lot | 69 |
Legal Description | HIGHLAND PARK SUB PB 4 PG 70 S13 T30 R27 IN SEC 24 T30 R27 IN SEC 18 T30 R28 IN SEC 19 T30 R28 LOT 69 & ST SOUTH OF SAME & RIPARIAN RIGHTS |
Water View | Lake |
Water Access Type | Lake |
Minimum Lease | No Minimum |
Water Access Y/N | Yes |
Water View Y/N | Yes |
Interior Features
Flooring | Carpet,Ceramic Tile,Hardwood |
---|---|
Air Conditioning Y/N | Yes |
Heating Y/N | Yes |
Fireplace Y/N | No |
Street Suffix | DRIVE |
Laundry Features | Common Area,Inside,Laundry Room |
Total Bedrooms | 6 |
LivingAreaSource | Public Records |
Total Baths | 8 |
Living Area Units | Square Feet |
Exterior Features
Lot Features | Gentle Sloping,In County,Landscaped,Street Dead-End |
---|---|
Water Source | Private |
Lot Size Area | 43085 |
Foundation Details | Slab |
Number of Buildings | 1 |
Building Area Total | 4660 |
Lot Dimensions | 100 x 370 |
Lot Size Acres | 0.99 |
Road Surface Type | Paved,Asphalt |
Lot Size Units | Square Feet |
Road Frontage Type | Street Dead-End,Street Paved |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool