107 A STREET at

107 A STREET

For sale Days on market 35

$399,000

$139/sq ft

$50,000
Price Decreased

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Overview

Bedroom

Year Built

1950

Sqft

2880

Property Description

Exceptional Investment Opportunity in Lake Wales Presenting a prime income-producing property located at 107 A Street, perfectly positioned in the heart of Lake Wales. This versatile multi-family asset features a total of six units, all designed as efficient one-bedroom residences, offering a steady and reliable stream of income. With a total heated area of 2,880 square feet, this building is situated on a spacious 0.31-acre lot zoned C-2, providing both immediate utility and future potential. Constructed with durable concrete block and a low-maintenance membrane roof, the property is built to last. The interior units are finished with practical tile flooring and come equipped with essential appliances, including ranges and refrigerators. Comfort is managed through efficient wall/window cooling units and electric heating. For ease of management, the property is connected to public water and sewer systems and features individual metering for electric, water, and sewer services. Strategically located just minutes from local landmarks and schools like Spook Hill Elementary, this property sits in Flood Zone X, which typically does not require flood insurance.

Property Details

MLS#

O6368979

Address

107 A

City

Lake Wales

State/county

Zip/Postal Code

33853

Area

Lake Wales Land Co Sub

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$5,909

Maint Fee

$--

Tax Year

2024

Electric Water Heater

Range

Refrigerator

Trees/Woods

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