130 E Northside Drive, Lake Wales FL 33853

For sale Days on market 167

$255,000

$175/sq ft

$5,000
Price Decreased

показать похожие

130 E Northside Drive, Lake Wales FL 33853

For sale Days on market 167

$255,000

$175/sq ft

$5,000
Price Decreased

Overview

Year Built

1938

Sqft

1455

Property Type

Duplex

Property Description

This lakefront multi-family property in the heart of Lake Wales presents a rare opportunity for both savvy investors and future owner-occupants alike. Delivering an impressive ~about 8% cap rate with an all-cash purchase—and closer to about a 9% cap with just 20% down at today's prevailing rates—this is a strong income-producing asset with immediate upside. Even more compelling, for those looking to live in one unit, the numbers make ownership more affordable than renting, while the second unit helps offset your mortgage. The property offers two well-designed 2-bedroom, 1-bath units with open-concept living, generous outdoor space, and desirable lakefront appeal with no HOA. While a new roof is needed, the seller is offering a $10,000 concession with a full-price offer

Property Details

MLS#

R11150451

Total Floor in Bldg

Address

130 Northside E

City

Lake Wales

State/county

Zip/Postal Code

33853

Area

Northside Heights

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$3,631

Maint Fee

$--

Tax Year

2025

Lake

Other

Lake View

Other Water View

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.