$ 258,000
-
$258,000
Price -
4
Bed -
2
Bath -
1,455
SqFt
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About the Listing 276650414 - 276547632
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
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central Air
- Heating: Central,Electric
- Fireplaces:
- Floor: Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: < 1/4 Acre
- Garage Capacity: N/A
- Zoning: R3
- Roof: Other
- Others: Outdoor Living Area
- Sewer:
Financial Details
- Tax Amount: $3,631
- Taxes w/Assessments: N/A
- Tax/Property ID: 342927875300001120
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
130 E Northside Dr Lake Wales, FL 33853
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