114 E NORTHSIDE DRIVE
Lake Wales, FL, 33853 $ 2,350,000
Bedrooms32 Baths19.0 Sq 11,937 Monthly Estimate*
$ 14,661
for $2,350,000 with 32 bedrooms and 19 full baths. This 11,937 square foot home was built in 1964 on a lot size of 0.3.
Under contract-accepting backup offers. SELLER FINANCING AVAILABLE. North Oak 19-Unit Portfolio, a rare multifamily investment opportunity spread across three properties in Polk County, Florida. The North Oak portfolio includes: Northside Apartments: 114 E Northside, Lake Wales, FL: Built in 1964, this eight-unit property consists of four concrete block duplexes with pitched shingle roofs. Each unit features a 2-bedroom, 1-bathroom configuration. The property has been fully renovated in the past two years, with both electricity and water sub-metered, allowing tenants to pay for their own utilities. Trash services are included in the property taxes, keeping operational costs low. The roofs are in good condition, contributing to the property's low-maintenance appeal. Oakcrest Apartments 118 Oak Crest Dr NW, Winter Haven, FL: Constructed in 1984, this eight-unit property comprises two fourplex buildings. The unit mix includes two 2-bedroom, 1-bathroom units and six 1-bedroom, 1-bathroom units, all built with a wood-frame construction and featuring pitched shingle roofs. The electricity is sub-metered, with tenants responsible for their electric bills, while water is provided by the city and paid for by the landlord. The property uses a septic tank system, also maintained by the landlord. Haven Apartments 140 Ave W NW, Winter Haven, FL Built in 1974, this three-unit property offers all 2-bedroom, 1-bathroom units constructed from concrete block with pitched shingle roofs. Both water and electricity are sub-metered, and the property benefits from a central AC system. Sewer and water services are provided by the city. With a total of 19 units, a mix of both 1-bedroom and 2-bedroom apartments, and well-maintained utility systems, the North Oak portfolio represents a stable, high-potential opportunity for multifamily investors looking to capitalize on the rental demand in Polk County’s growing markets.
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FeaturesGeneralSewer Septic Tank
Heating Central
Cooling Central Air
Utilities Electricity Connected Water Connected
Roof Shingle
Construction Materials Concrete Wood Frame
Year Built 1964
Tenant Pays Electricity Water
Property Subtype Multi Family
Tax Year 2024
Ownership Fee Simple
Additional Parcels Description 27-29-34-875300-001200
County Polk
New Construction false
Property Type Residential Income
Subdivision Name NORTHSIDE HEIGHTS
Garage Y/N false
Status Pending
Directions Portfolio Property
City LAKE WALES
Senior Community Y/N false
Number Of Units Total 19
MLS Area 33853 - Lake Wales South
Lot Size Units Square Feet
Lot Size Square Feet 13164
Carport Y/N false
Listing Terms Cash Conventional Owner May Carry
Land Lease Y/N false
Tax Annual Amount 6998.57
Additional Parcels Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8455056
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Tax Lot 20
Legal Description NORTHSIDE HEIGHTS PB 36 PG 48 BLK A LOT 20
Water View Lake
Water Access Type Lake
Water Access Y/N true
Water View Y/N true
Flood Zone Code X
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InteriorInterior Amenities Other
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features None
Total Bedrooms 32
Total Baths 19
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ExteriorExterior Amenities Other
Water Source Public
Lot Size Area 13164
Foundation Details Slab
Number of Buildings 7
Lot Dimensions 50 x 173
Lot Size Acres 0.3
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Number of Lots 5
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* Excluded FeaturesList ByFlorida Realty InvestmentsBroker
tito@theaptbrokers.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $14,661
- Monthly Property Taxes
- $583
- 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.
Learn more about how to save NearbyMulti-family listings in Lake Wales, FL
Average List Price $563,177
Percent of Sale Price 76%
About Lake Wales, FL 15,820 Population
28% Since 2002
$ 38,450 Median Income
39.85 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/19/2025 | $2,350,000 | | Listed Price |