PROPERTY DESCRIPTION

This 2,888 SqFt duplex is converted into 10 rent‑by‑the‑room units.

Near the local orange processing plant – strong tenant demand.

Price: $269,000

ARV: $365,000

Pad split Potential – High‑Cash‑Flow Duplex

Property Details:

- $800/room = $8K+ monthly income

- Metal roof / AC window units

- New windows on one side

- New windows on one side;

Updates needed on some windows

- Kitchens need updating – prime value‑add

- Add a bath for more upside;

Update efficiency unit for even more upside.

Property Description:

Built in 1960 with a metal roof and AC window units. New windows on one side; other side needs replacement. Ideal for employees of the nearby orange plant. Rental potential of $800/month per room based on local comps. Upside with kitchen upgrades, adding a bathroom, or an efficiency unit for higher cash flow. Located in a high-demand, low-vacancy area. Medium rehab = instant returns.

Floor Plan Image

Realtor URL :
485 D St, Lake Wales, FL 33853 | Realtor

Comp:

224 C ST 1 2 3 4 St, LAKE WALES, FL 33853

C Street comp sold for $365K in July 2024, fully renovated, rented at $800/room.

🏃‍♂️ This deal is hot & moving fast.

Contact me now for price & access – first come, first served!

Carol Margolis
[email protected]

407-494-5066

Buyers are responsible for their own due diligence. • The seller of this property either owns or holds an equitable contractual interest in the marketed properties. • The seller has exclusively relied on information from the MLS, County Assessor’s office, and Property Tax office to determine all measurements, including lot size, square footage, number of bathrooms, bedrooms, total rooms, zoning, permitted and prohibited uses, construction materials, parking, year of construction, and all other relevant data regarding the physical improvements and land area of the property. The buyer acknowledges and agrees that the seller makes no representations or warranties regarding the actual conditions that may exist within or around the property. The buyer further acknowledges that it has conducted its own investigation of these facts and is purchasing the property based on its own conclusions. The buyer expressly acknowledges that it is acquiring the property in “as is, where is” condition.