Banke Ayanleke
Property Description
Excellent investment opportunity in the heart of Lake Wales! This fully occupied (with one vacant unit ready for lease or owner use) 4-unit multifamily property offers immediate income potential with value-add upside. The property consists of four separate units with a desirable tenant mix. Unit 1 is leased through October 17, Units 2 and 4 are on month-to-month leases, providing flexibility for future rent adjustments, and Unit 3 is currently vacant, making it ideal for an owner-occupant or to lease at current market rates. Conveniently located near shopping, dining, schools, and major roadways, this property is well-positioned for long-term rental demand. Whether you're looking to expand your investment portfolio or start generating rental income, this multifamily property offers a great combination of cash flow, flexibility, and future potential. Property is occupied, please do not approach the property without coordinating with LA.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.15 Acres
Roof Type: Metal
Taxes: $4,642
Year Built: 1955
Square Feet: 2,860
Amenities
Other
Other
Feature Descriptions
Annual Net Income: 27612.00
Days on Site: 9
Directions: Head toward Harding Ave. Turn left onto Washington Ave. Turn right onto D St. Destination will be on the left
Exterior: Block, Concrete, Stucco
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.15
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer
Showing Instructions: Do Not Contact Tenants, See Remarks, ShowingTime
Special Sale Provisions: None
Utilities: Other
Water: Public
Water Access Y/N: No
Zoning: C-2
Local Schools
High School: Frostproof Middle - Senior High
Middle School: McLaughlin Academy Of Excellence
Elementary School: Spook Hill Elem
Listed By / Shown By
Listed By
Agency Name: MERIDIAN RESIDE
Agency Contact: 727-777-6676
Shown By
Agent Name: Banke Ayanleke
Agent Phone: (850) 792-4919
Agency Title: Watson Realty Corp., REALTORS ®
Estimate Your Payment
Estimated Payment
$ 1,986.56 per month $1,512.23 Principal & Interest $386.83 Property Tax $87.50 Homeowner's InsuranceChange Payment Information
Print This Listingx
Select a format below, new window will open and will prompt you to print.
130 D Street, Unit 1,2,3,4 | MLS# TB8525074
This multi-family property located at 130 D Street, Unit 1,2,3,4, Lake Wales, FL 33853 is currently listed for sale with an asking price of $299,999. Search Lake Wales real estate on www.bankeayanleke.com today.