315 RIDGE MANOR DRIVE

$759,000

$151/sq ft

$40,000
Price Decreased

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Overview

Bedroom

6

Year Built

1926

Sqft

5030

Property Type

Quadruplex

Property Description

Exceptional 11-Unit Income Opportunity with Strong Rental Appeal! Don’t miss this unique mixed-unit multifamily property offering a versatile unit mix designed to attract a wide range of tenants and help minimize vacancies. With all 11 units currently occupied and long-term leases in place, this property provides immediate and stable income for the savvy investor. Ideally located with convenient access to schools, shopping, medical facilities, and major travel routes including Hwy 27 and SR 60, tenants enjoy easy north/south/east/west commuting—making this a highly desirable rental location. Recent improvements include a new roof and new septic drainfield, offering added peace of mind and reduced near-term capital expenses. Whether you’re expanding your portfolio or seeking your first solid, income-producing asset, this property checks all the boxes. Private showings are now being scheduled—secure your opportunity today!

Property Details

MLS#

K4903360

Address

315 RIDGE MANOR

City

Lake Wales

State/county

FL

Zip/Postal Code

33853

Area

Ridge Manor

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$9,928

Maint Fee

$--

Tax Year

2025

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Boris Gelfand