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$1,500,000 • living size area 16754 sqft
22 units total. 10 units with 2 bed./1 bath, 12 units with 1 bed./1 bath. community is fully occupied, solid block concrete, located on the south 4th street from east hwy 60. 3 minutes to publix shopping center, 5 minutes to walmart shopping center, 5 mins to downtown lake wales. current average rent for 2 bed 1 bath $700, 1 bed 1 bath $575. the current rent much below market value, lots of potential for new owner to increase rent. very low maintenance cost and expenses, tenants pay electricity with separate meter, owner pays tax, water, dumpster, insurance & maintenance. please do not disturb tenants, call agent, showing after executed contract.Multi Family - COLONIAL HEIGHTS RESUB
401 DOMARIS, LAKE WALES, FL 33853
Date Sold 01-18-2021
Sold Price$1,150,000 Asking Price$1,500,000
Share by:
- Living 16754sqft
- Lot size 63754sqft
- Taxes: Register to see
- Year Built 1970
-
Days on market:
86 day(s) Original Price:
$1,600,000-
Price per sqft:
$89.53 Tax Legal Description:
RESUB OF PART OF COLONIAL HTS PB 30 PG 3 LOT A BEG SW COR RUN N 252.5 FT N 67 DEG 59 MIN 49 SEC E 21.84 FT S 84 DEG 48 MIN 37 SEC E 100.5 FT N 89 DEG 28 MIN 45 SEC E 160 FT S 11 DEG 53 MIN 15 SEC W 38 FT S 59 DEG 28 MIN 45 SEC W 30 FT S 179 FT S 12 D EG 03 MIN 28 SEC E 20 FT S 89 DEG 28 MIN 45 SEC W 250 FT TO POBTax Year:
2019-
MLS:
O5881078 -
Property Type:
Multi Family -
Parking:
13 to 18 Spaces
Construction Type:
StuccoCooling Description:
Central Air Mini-Split Unit(s)Heating Description:
ElectricCentral IndividualFloor Description:
Ceramic TileEquipment/Appliances:
RefrigeratorSpecial Listing Conditions:
None