130 E Northside Drive, Lake Wales, FL, 33853
1938
1,455 sqft
This lakefront multi-family property in the heart of Lake Wales presents a rare opportunity for both savvy investors and future owner-occupants alike. Delivering an impressive ~about 8% cap rate with an all-cash purchase—and closer to about a 9% cap with just 20% down at today's prevailing rates—this is a strong income-producing asset with immediate upside. Even more compelling, for those looking to live in one unit, the numbers make ownership more affordable than renting, while the second unit helps offset your mortgage. The property offers two well-designed 2-bedroom, 1-bath units with open-concept living, generous outdoor space, and desirable lakefront appeal with no HOA. While a new roof is needed, the seller is offering a $10,000 concession with a full-price offer
Status:
Active
Type:
Multi-family
Units:
2
Zoning:
R3
Subdivision:
NORTHSIDE HEIGHTS
Heating:
Central, Electric
Cooling:
Central Air
Acreage:
0.23
Est. Taxes:
$3,631
Construction
Other
Utilities
Electricity Connected, Natural Gas Available
View Description:
Other, Lake
Waterfront:
Yes
Elementary School:
Lakeside
Middle School:
Lake Worth
High School:
Lake Worth
Days on Market:
128
Owner Pays:
Cable TV, Electricity, Insurance, Water
MLS #:
R11150451
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of Simon Gray Realty LLC 888-321-1617