9035 Temple Drive, Lake Wales FL 33898

For sale Days on market 94

WIndian Lake Heights Sub [ Triplex ]

$229,000

$25,000
Price Decreased

показать похожие

Overview

Year Built

1989

Property Type

Triplex

Property Description

THIS PROPERTY WON’T LAST LONG WITH A MAJOR $229,000 PRICE REDUCTION! 3 UNIT MULTIFAMILY OPPORTUNITY WITH CANAL FRONTAGE LEADING TO LAKE-WALK-IN WATER. Located at the end of a private, dead-end street with 164 feet of canal frontage, this unique 0.54-acre multi-family property offers direct access to the 7,500-acre Lake Walk-In-Water—nationally renowned for its trophy bass fishing. Zoned R-3, this property features three existing units and the infrastructure to add a fourth, making it the ultimate versatile asset. CHOOSE YOUR STRATEGY: 1) The value-add investment at the newly reduced price of $229,000! The property generates $2,075/month ($24,900/year) from just two occupied units (Units A and C), with tenants paying their own utilities. IMMEDIATE UPSIDE: Lease the currently vacant Unit B ($750.00/month) $33,900.00/year unlocking a massive DOUBLE-DIGIT CAP RATE! 2) The Waterfront "House Hacker" Stop paying a mortgage and start getting paid to live on the water. You can immediately move into Unit B—a vacant, sturdy 1975 concrete block apartment featuring a kitchenette and its own private dock. While you enjoy the lake lifestyle, your neighbors in Units A and C will generate $2,075/month which can easily cover your mortgage and property taxes ($3,177/yr), and insurance. Keep it all for your family, or rent out one unit to cover the annual carrying cost. This multifamily property offers multiple strategies and won’t last long!

Property Details

MLS#

A11919610

Total Floor in Bldg

Building

WIndian Lake Heights Sub

Address

9035 Temple Drive

City

Lake Wales

State/county

Zip/Postal Code

33898

Area

Windian Lake Heights Sub

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$2,780

Maint Fee

$--

Tax Year

2024

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. © MIAMI Association of REALTORS®, all rights reserved.