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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
Waterfront false
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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Bought with TRANSCONTINENTAL REALTY GROUP,