425 E SESSOMS AVENUE Lake Wales, FL $ 344,900
425 E SESSOMS AVENUE
$ 344,900
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425 E SESSOMS AVENUE

Lake Wales, FL, 33853
$ 344,900
Bedrooms2 Baths3.0 Sq 1,652

Monthly Estimate*

$ 2,124

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View a Virtual Tour

Multi-Family Home for sale in Lake Wales, FL

for $344,900 with 2 bedrooms and 3 full baths. This 1,652 square foot home was built in 1937 on a lot size of 0.31.

High-Yield Turnkey Triplex with 2024 Upgrades! Investors, seize this rare income-producing asset generating $3,000 in gross monthly revenue with an exceptionally low expense profile. Situated on a spacious 0.31-acre lot, this property offers the perfect blend of density and privacy across two solid brick residential buildings. Major 2024 Capital Upgrade: A Brand New Roof was installed across the property in 2024, providing years of worry-free ownership. Both primary buildings are equipped with Central AC to ensure maximum tenant comfort and retention. The Layout:425 E Sessoms Ave: A standalone 1-bedroom, 1-bathroom cottage (685 sq ft) featuring a private 90 sq ft finished screened porch and a classic fireplace. 427 E Sessoms Ave (Front): A private 1-bedroom, 1-bathroom suite with its own dedicated front entrance and porch. 427 E Sessoms Ave (Rear): A secluded private studio with a separate side/rear entrance for ultimate tenant privacy. Bonus Value: A detached large storage building at the rear includes an on-site laundry room, a high-demand amenity that adds significant utility. Built with common brick exterior walls, this property is designed for low-maintenance, long-term performance. With an annual gross income of $36,000 and minimal overhead, this "Cash Cow" is ready for Day 1 operations. Schedule your showing today!

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Multi-Family Active

Price

$ 344,900

Bedrooms

2

Full Bath

3

Property Type

Multi-Family

Taxes

$ 2,877

Style

Duplex

Lot Size

0.31

Year Built

1937

Town/City

Lake Wales

County/Region

Polk

MLS | Web ID

L4957271

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Cable Connected Electricity Connected
Possession Close Of Escrow
Roof Shingle
Appliances Range Refrigerator
Zoning R-2
Construction Materials Block Stucco
Year Built 1937
Tenant Pays Electricity
Levels One
Property Subtype Duplex
Tax Year 2024
Ownership Fee Simple
Gross Income 36000
Accessibility Accessible Bedroom Accessible Closets
County Polk
New Construction false
Property Type Residential Income
Subdivision Name LAKE WALES
Garage Y/N false
Status Active
Directions Hwy 60 to 1st St. Turn north on 1st St then right onto E Sessoms Ave. Property will be on your left.
City LAKE WALES
Senior Community Y/N false
Number Of Units Total 3
MLS Area 33853 - Lake Wales South
Lot Size Units Square Feet
Lot Size Square Feet 13464
Carport Y/N false
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 2877.34
Property Condition Completed
Ok to Lease 12 Months
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/L4957271
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 10
Total Actual Rent 3000
Legal Description LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 18 LOT 10
Minimum Lease No Minimum
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Ceiling Fan(s) Other
Flooring Laminate Luxury Vinyl Tile
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Laundry Room
Total Bedrooms 2
Total Baths 3
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Exterior
Exterior Amenities Outbuilding Other
Water Source Public
Lot Size Area 13464
Foundation Details Slab
Number of Buildings 3
Building Area Total 1930
Lot Size Acres 0.31
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
Bhhs Florida Properties Group

Broker

wes@realestatewes.com

Email

Affordability Calculator

$2,363
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,124
Monthly Property Taxes
$240
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4/21/2026$344,900 -1.43% Price Down
4/8/2026$349,900 -1.44% Price Down
3/3/2026$355,000 -1.39% Price Down
2/9/2026$360,000 -1.37% Price Down
1/19/2026$365,000 -1.35% Price Down
12/19/2025$370,000 Listed Price

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425 E SESSOMS AVENUE, Lake Wales, FL, 33853 is a Multi-Family Home for sale at $344,900 with 1,652 sqft and a lot size of 0.31. 425 E SESSOMS AVENUE has 2 bedrooms, 3.0 baths, and was built in 1937. The property's zip code is 33853 which is in Lake Wales, FL