$1,400,000

MLS Number: T3295455

Description

Incredible income producing property located on two waterfront parcels. 18 Total Units on seven acres, producing great income each month and year! Rents are low for the area enabling the prospect of rent increases after year one! The vacancy rate is very low and historically, there have been no problems finding new tenants, quickly, once a vacancy occurs. Listing includes the adjacent two-acre parcel (Parcel Number: 27-29-11-000000-044030) that can potentially be developed to further expand income prospects! Included are seven concrete one-bedroom cottages, a two-bedroom park model mobile home, two mobile homes converted into duplexes enabling four rental units, two RV'S and one frame house divided into four units. Property is self-sufficient for water, containing wells, pumping stations and septic systems. Located on scenic Lake Mabel and is less than an hour from the Greater Orlando area! This property will make a great addition to any investor portfolio and absolutely will not last long!

Details

MLS#T3295455
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1969
Days On Site29

Features

SQ Feet5,972
Units18
Golf CourseN
Water FrontYes
Property ViewWater
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Area Information
StateFL
CountyPolk
CityLAKE WALES
Zip Code33853
Area33853 - Lake Wales South
Listing VS Median (in 33853)
Price:
$1,400,000
low | high
Med:
$168,000
100% of Average
SqFt:
5,972
low | high
Med:
558
100% of Average
$ / SqFt:
$234
low | high
Med:
$75
100% of Average
On Site:
29
low | high
Med:
267.5
10.841121495327% of Average
Sourced by Back At You
Listing Updated: March 17, 2021 4:00:07 AM PDT
Paul McGann LogoMLS Number: T3295455
Listing Provided By:
Paul McGann  of  BALCORP REALTY LLC

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