Multi-Family: MLS #L4957393 Lake Wales, FL $ 399,950
Multi-Family: MLS #L4957393
$ 399,950
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Multi-Family: MLS #L4957393

Lake Wales, FL, 33853
$ 399,950
Bedrooms8 Baths4.0 Sq 2,668

Monthly Estimate*

$ 2,495

MLS #/Web ID: L4957393 - Image 1
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Multi-Family Home for sale in Lake Wales, FL

for $399,950 with 8 bedrooms and 4 full baths. This 2,668 square foot home was built in 1947 on a lot size of 0.15.

Under contract-accepting backup offers. Introducing 224 C street in the tranquil, fast growing city of Lake Wales. This 4-plex offers a steady and reliable source of income, complete with existing tenants. Each of these 2 bedroom one bath units have been recently COMPLETELY REMODELED. Investors will appreciate the immediate cash flow and associated peace of mind. The building offers low maintenance vinyl siding and ALL TENANTS PAY THEIR OWN UTILITIES. A NEW ROOF RATED AT 160 MPH was installed in March, 2024. Each unit rents from $ 1000 to $ 1200/month. So whether you are an experienced investor looking to expand your portfolio or a novice seeking a rliable investment, this property is a testament to the wisdom of real estate ownership in Lake Wales. Also, this property is an excellent addition to any 1031 exchange package. Don't miss this opportunity. Listiing broker has a financial interest in this listing.

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Multi-Family Pending

Price

$ 399,950

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,064

Style

Quadruplex

Lot Size

0.15

Year Built

1947

Town/City

Lake Wales

County/Region

Polk

MLS | Web ID

L4957393

Features
General
Sewer Public Sewer
Heating Electric
Cooling Wall/Window Unit(s)
Utilities Cable Connected Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Appliances Range Range Hood Refrigerator
Construction Materials Vinyl Siding Wood Frame
Pets Allowed Cats OK Dogs OK
Year Built 1947
Tenant Pays Electricity Sewer Trash Collection Water
Levels Two
Property Subtype Quadruplex
Tax Year 2024
Ownership Fee Simple
County Polk
New Construction false
Property Type Residential Income
Subdivision Name LAKE WALES LAND CO SUB
Garage Y/N false
Status Pending
Directions FROM POINTS NORTH OF LAKE WALES : TAKE US HWY 27 SOUTH TO WASHINGTON AVENUE TURN LEFT. THEN DRIVE 0.7 MILES TO C STREET. TURN RIGHT ONTO C STREET. PROPERTY IS DOWN THE BLOCK ON THE LEFT. FROM POINTS SOUTH OF LAKE WALES : TAKE US HWY 27 NORTH TO WASHINGTON AVENUE. TURN RIGHT. THEN DRIVE 0.7 MILES TO C STREET. TURN RIGHT ON C STREET. PROPERTY IS DOWN THE BLOCK ON THE LEFT. PLEASE DO NOT DISTURB THE TENANTS. TENANTS ARE UNAWARE OF LISTING.
City LAKE WALES
Senior Community Y/N false
Number Of Units Total 4
MLS Area 33853 - Lake Wales South
Lot Size Units Square Feet
Lot Size Square Feet 6384
Carport Y/N false
Listing Terms Cash Conventional FHA VA Loan
Land Lease Y/N false
Tax Annual Amount 3064.65
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4957393
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Legal Description POLK COUNTY PARCEL 272935879000003142 WITH LEGAL TO FOLLOW AT CLOSING
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
DockY/N false
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Interior
Interior Amenities Ceiling Fan(s)
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features None
Total Bedrooms 8
Total Baths 4
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Exterior
Exterior Amenities Balcony
Water Source Public
Lot Size Area 6384
Foundation Details Pillar/Post/Pier
Number of Buildings 1
Building Area Total 2844
Lot Dimensions 48 x 133
Lot Size Acres 0.15
Road Surface Type Concrete
Private Pool false
Waterfront Y/N false
Number of Lots 1
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* Excluded Features
List By
Hosanna Real Estate Services

Broker

tnov.hosanna@gmail.com

Email

Affordability Calculator

$2,751
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,495
Monthly Property Taxes
$255
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2025$399,950 Listed Price

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