Lake Wales, FL 33853,627 WASHINGTON AVE #1

$200,000

$215,000

7.0%
Est.Price: ?

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Est. payment /mo

4 Beds

2 Baths

1,152 SqFt


SOLD DATE : 12/01/2023

Key Details

Sold Price $200,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,152 sqft

Price per Sqft $173

Subdivision Washington Park Unit No 2

MLS Listing ID O6114961

Sold Date 12/01/23

Bedrooms 4

Construction Status Inspections

HOA Y/N No

Originating Board Stellar MLS

Year Built 1966

Annual Tax Amount $2,029

Lot Size 5,662 Sqft

Acres 0.13

Property Description

Introducing 627 Washington Ave, a lucrative investment opportunity in the tranquil city of Lake Wales, FL. This duplex, complete with long-term leases, offers a steady, reliable source of income. Each unit within this well-preserved duplex offers a comfortable layout of 2 bedrooms and 1 bathroom, providing ample space for tenants to create a home. These units' solid construction and thoughtful design reflect a commitment to comfort and quality that tenants will surely appreciate. One unit is rented at a competitive rate of $1095 per month to long-term tenants, underlining the property's desirability and the stability of the income stream. As an investor, you'll appreciate the immediate cash flow and the peace of mind that comes from reliable, long-term tenants. Situated in the charming city of Lake Wales, this property places tenants in a quiet, welcoming neighborhood with convenient access to local amenities, schools, and parks. The ease of commuting from this location further enhances the appeal of these units to prospective tenants. At 627 Washington Ave, you're not just investing in a duplex, but a secure income stream and a slice of Lake Wales' vibrant community. Whether you're an experienced investor looking to expand your portfolio or a new investor seeking a reliable investment, this property is a testament to the enduring value of real estate in Lake Wales. Don't let this opportunity pass you by.

Location

State FL

County Polk

Community Washington Park Unit No 2

Zoning MULTI FAMILTY

Interior

Interior Features Ninguno

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplace false

Exterior

Exterior Feature Other

Utilities Available Public

Roof Type Membrane

Garage false

Private Pool No

Building

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Construction Status Inspections

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by EXP REALTY LLC
Bought with TRANSCONTINENTAL REALTY GROUP,
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