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. Offered at $449,000, this "As-Is" listing is a rare find for investors looking to expand their portfolio with a high-net-income asset in a growing Florida market.
Property Features
Utilities
Electricity Connected
Sewer Connected
Water Connected
Heating Information
Electric
Ductless
Cooling Information
Wall/Window Unit(s)
Water Features
Public
House Interior
Built-in Features
School Information
School Information for 107 A STREET, LAKE WALES, FL 33853
Elementary School
Spook Hill Elem
Middle School
Mclaughlin Middle
High School
Frostproof Middle - Senior High
Listing Courtesy: KELLER WILLIAMS REALTY AT THE PARKS - 407-629-4420