425 E SESSOMS AVENUE at

425 E SESSOMS AVENUE

For sale Days on market 121

$349,900

$212/sq ft

$20,100
Price Decreased

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Overview

Bedroom

Year Built

1937

Sqft

1652

Property Type

Duplex

Property Description

High-Yield Turnkey Triplex with 2024 Upgrades! Investors, seize this rare income-producing asset generating $3,000 in gross monthly revenue with an exceptionally low expense profile. Situated on a spacious 0.31-acre lot, this property offers the perfect blend of density and privacy across two solid brick residential buildings. Major 2024 Capital Upgrade: A Brand New Roof was installed across the property in 2024, providing years of worry-free ownership. Both primary buildings are equipped with Central AC to ensure maximum tenant comfort and retention. The Layout:425 E Sessoms Ave: A standalone 1-bedroom, 1-bathroom cottage (685 sq ft) featuring a private 90 sq ft finished screened porch and a classic fireplace. 427 E Sessoms Ave (Front): A private 1-bedroom, 1-bathroom suite with its own dedicated front entrance and porch. 427 E Sessoms Ave (Rear): A secluded private studio with a separate side/rear entrance for ultimate tenant privacy. Bonus Value: A detached large storage building at the rear includes an on-site laundry room, a high-demand amenity that adds significant utility. Built with common brick exterior walls, this property is designed for low-maintenance, long-term performance. With an annual gross income of $36,000 and minimal overhead, this "Cash Cow" is ready for Day 1 operations. Schedule your showing today!

Property Details

MLS#

L4957271

Address

425 SESSOMS E

City

Lake Wales

State/county

Zip/Postal Code

33853

Area

Lake Wales

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$2,877

Maint Fee

$--

Tax Year

2024

Range

Refrigerator

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