434 E TILLMAN AVENUE at

434 E TILLMAN AVENUE

For sale Days on market 44

$825,000

$185/sq ft

$25,000
Price Decreased

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Overview

Bedroom

Year Built

1920

Sqft

4466

Property Type

Multi Family

Property Description

Under contract-accepting backup offers. Price Reduced $25,000 – Seller Motivated! An outstanding investment opportunity just got even better in the heart of Lake Wales. The seller has lowered the price by $25,000, creating a compelling value for investors seeking strong cash flow and long-term upside. This 7-unit multifamily property offers solid rental income, strong occupancy, and multiple recent upgrades—making it a true turnkey addition to any portfolio. The unit mix includes five 2-bed/1-bath units and two 1-bed/1-bath units, a proven combination for stable, long-term tenancy. Major improvements have already been completed, including new roofs and some newer A/C systems, helping reduce future capital expenses and enhance operational efficiency. A standout feature is the large onsite storage area, presenting excellent value-add or expansion potential. Whether converted into income-producing storage units or reconfigured for future improvements, this space offers flexibility and upside. Ideally located near schools, shopping, dining, and major roadways, the property benefits from strong tenant demand and consistent occupancy. Investor Highlights • Price reduced $25,000 • 7 units (5× 2/1 + 2× 1/1) • New roofs & newer A/C systems • Strong existing cash flow • High occupancy history • Expansion or storage income potential • Central Lake Wales location With pricing improved and upside still intact, this is a rare opportunity to acquire a stabilized multifamily asset with room to grow. Bring your offers—this one is ready to move.

Property Details

MLS#

L4957773

Address

434 TILLMAN E

City

Lake Wales

State/county

Zip/Postal Code

33853

Area

Lake Wales

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$3,028

Maint Fee

$--

Tax Year

2024

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