UPDATED:
Key Details
Property Type Multi-Family, Duplex
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,782 sqft
Price per Sqft $154
Subdivision Ridge Manor
MLS Listing ID L4965188
Bedrooms 4
HOA Y/N No
Year Built 1983
Annual Tax Amount $3,414
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 68x160
Property Sub-Type Duplex
Source Stellar MLS
Property Description
Several significant updates have already been completed. Unit 648 features an AC system, water heater, and luxury vinyl plank flooring installed approximately two years ago. The property was also updated with new plumbing approximately two and a half years ago, and the septic tank and drain field were replaced approximately four and a half years ago. One unit is currently rented, while the second unit is vacant and provides an opportunity for an investor to renovate, lease, and increase overall income potential.
With approximately $30,000 in potential annual rental income when fully occupied, this property offers the opportunity to combine existing rental income with future upside through strategic improvements. Located in Lake Wales, the property provides convenient access to local shopping, dining, schools, parks, and major roadways, making it a practical location for both residents and rental tenants. A solid opportunity for an investor seeking a two-unit property with established improvements and room to add value.
Location
State FL
County Polk
Community Ridge Manor
Area 33853 - Lake Wales South
Zoning R-2
Interior
Interior Features Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Split Bedroom
Heating Central, Electric
Cooling Central Air
Flooring Carpet, Concrete
Furnishings Unfurnished
Fireplace false
Appliance Range, Refrigerator
Laundry Electric Dryer Hookup, In Kitchen, Laundry Closet, Washer Hookup
Exterior
Exterior Feature Fence, Lighting, Private Entrance, Private Mailbox, Private Yard, Rain Gutters, Sidewalk
Parking Features Driveway
Utilities Available Cable Available, Electricity Available, Public
View Y/N No
Water Access No
View Trees/Woods
Roof Type Shingle
Porch Front Porch, Rear Porch
Garage false
Private Pool No
Building
Lot Description Landscaped
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Septic Tank
Water Public
Structure Type Block,Stucco
New Construction false
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Virtual Tour https://www.zillow.com/view-imx/c42c5d1f-e57d-4cd8-8d81-6ba7e6252fee/?utm_source=captureapp
Nearby Locations
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