646 BEVERLY DRIVE 646 and 648 Lake Wales, FL $ 275,000
646 BEVERLY DRIVE 646 and 648
$ 275,000
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646 BEVERLY DRIVE 646 and 648

Lake Wales, FL, 33853
$ 275,000
Bedrooms4 Baths2.0 Sq 1,782

Monthly Estimate*

$ 1,899

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Multi-Family Home for sale in Lake Wales, FL

for $275,000 with 4 bedrooms and 2 full baths. This 1,782 square foot home was built in 1983 on a lot size of 0.26.

Virtually Staged. INVESTMENT OPPORTUNITY in Lake Wales! This well-constructed brick duplex presents an excellent opportunity to acquire an income-producing property with additional value-add potential. The property consists of two spacious 2-bedroom, 1-bath units, each offering an oversized driveway for ample off-street parking and access to a fenced-in backyard. The durable brick construction and solid foundation provide a strong starting point for continued ownership and improvement. Several significant updates have already been completed. Unit 648 features an AC system, water heater, and luxury vinyl plank flooring installed approximately two years ago. The property was also updated with new plumbing approximately two and a half years ago, and the septic tank and drain field were replaced approximately four and a half years ago. One unit is currently rented, while the second unit is vacant and provides an opportunity for an investor to renovate, lease, and increase overall income potential. With approximately $30,000 in potential annual rental income when fully occupied, this property offers the opportunity to combine existing rental income with future upside through strategic improvements. Located in Lake Wales, the property provides convenient access to local shopping, dining, schools, parks, and major roadways, making it a practical location for both residents and rental tenants. A solid opportunity for an investor seeking a two-unit property with established improvements and room to add value.

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Multi-Family Active

Price

$ 275,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,414

Style

Duplex

Lot Size

0.26

Year Built

1983

Town/City

Lake Wales

County/Region

Polk

MLS | Web ID

L4965188

Features
General
Sewer Septic Tank
Heating Central Electric
Cooling Central Air
Utilities Cable Available Electricity Available Public
Roof Shingle
Appliances Range Refrigerator
Zoning R-2
Patio/Porch Features Front Porch Rear Porch
Construction Materials Block Stucco
Pets Allowed Yes
Year Built 1983
View Trees/Woods
Levels One
Unit Number 646 and 648
Property Subtype Duplex
Tax Year 2026
Ownership Fee Simple
County Polk
New Construction false
Property Type Residential Income
Subdivision Name RIDGE MANOR
Garage Y/N false
Status Active
Directions From U.S. Highway 27 in Lake Wales head east on State Road 60. Turn south onto Scenic Highway then turn onto Beverly Drive. Continue on Beverly Drive to the destination.
City LAKE WALES
Senior Community Y/N false
Number Of Units Total 2
MLS Area 33853 - Lake Wales South
Lot Size Units Square Feet
Lot Size Square Feet 11173
Carport Y/N false
Listing Terms Cash Conventional FHA VA Loan
Land Lease Y/N false
Tax Annual Amount 3414.78
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.zillow.com/view-imx/c42c5d1f-e57d-4cd8-8d81-6ba7e6252fee/?utm_source=captureapp
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 11
Legal Description RIDGE MANOR FIRST UNIT PB 12 PG 10 IN SEC 12 T30 R27 BLK 3 LOT 11
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
Flood Zone Code X Y
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Interior
Interior Amenities Ceiling Fan(s) Eating Space In Kitchen Living Room/Dining Room Combo Split Bedroom
Flooring Carpet Concrete
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Window Treatments
Fireplace Y/N false
Laundry Features Electric Dryer Hookup In Kitchen Laundry Closet Washer Hookup
Total Bedrooms 4
Total Baths 2
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Exterior
Exterior Amenities Fenced Lighting Private Entrance Private Mailbox Private Yard Rain Gutters Sidewalk
Parking Features Driveway
Lot Features Landscaped
Water Source Public
Lot Size Area 11173
Foundation Details Slab
Number of Buildings 1
Building Area Total 2102
Lot Dimensions 68 x 160
Lot Size Acres 0.26
Road Surface Type Asphalt Paved
Private Pool false
Waterfront Y/N false
Number of Lots 1
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* Excluded Features
List By
Keller Williams Realty Smart 1

Broker

david@dreamhomescentralflorida.com

Email

Affordability Calculator

$2,184
Per Month
87%
13%
0%
Monthly Principal & Interest
$1,899
Monthly Property Taxes
$285
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
9/21/2026$275,000 Listed Price

Map


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646 BEVERLY DRIVE 646 and 648, Lake Wales, FL, 33853 is a Multi-Family Home for sale at $275,000 with 1,782 sqft and a lot size of 0.26. 646 BEVERLY DRIVE 646 and 648 has 4 bedrooms, 2.0 baths, and was built in 1983. The property's zip code is 33853 which is in Lake Wales, FL