236 Washington, Lake Wales, FL 33853 | MLS T2845834 | Listing Information | Real Living First Service Realty | Real Living Real Estate
Real Living First Service Realty
800-899-8477

236 Washington,  Lake Wales FL, 33853

Status: Active
MLS#: T2845834
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Real Living First Service Realty
800-899-8477

Listing Provided Courtesy Of: PINEYWOODS REALTY LLC
Last Updated: 12/9/2016 1:11 AM
Description for 236 Washington Lake Wales, FL 33853
Investors. Here is your goldmine! 8 unit block construction. (1) 2 bdrm 2 bath, (6) 2 bdrm 1 bath and (1)1 bdrm 1 bath that would be perfect for an onsite property manager. Some work has been done, but we have provided significant pics so you can see what is left, which includes the major items of electrical re-wiring and (our suggestion) would be to do window units for HVAC. Cash flow analysis: 1 bdrm $450 per month, 2/1 x 6 units x $550 per month = $3300 per month, $600 2 bdrm 2 bath with very large bedrooms = total monthly projected rental income of $4350. All units are separately metered for water and electric so only hard costs to owner are $139 per month property taxes and roughly $150 per month for insurance. Projected annual net cash flow of $48,732. We can finance this property with only $32k down, loan amount of $128k with monthly payment of around $650 per month!
Price
$159,900
Lake Wales Land Co Sub
Polk
T2845834
Active
Description
Investors. Here is your goldmine! 8 unit block construction. (1) 2 bdrm 2 bath, (6) 2 bdrm 1 bath and (1)1 bdrm 1 bath that would be perfect for an onsite property manager. Some work has been done, but we have provided significant pics so you can see what is left, which includes the major items of electrical re-wiring and (our suggestion) would be to do window units for HVAC. Cash flow analysis: 1 bdrm $450 per month, 2/1 x 6 units x $550 per month = $3300 per month, $600 2 bdrm 2 bath with very large bedrooms = total monthly projected rental income of $4350. All units are separately metered for water and electric so only hard costs to owner are $139 per month property taxes and roughly $150 per month for insurance. Projected annual net cash flow of $48,732. We can finance this property with only $32k down, loan amount of $128k with monthly payment of around $650 per month!
Listing Information
Property Type: Other
0.35 Acres $26.55 1950
Block
29//
Lake Wales Land Co Sub
8 Total
Neighborhood
Room Information
Interior Features
Range
Ceramic Tile, Laminate, Carpet
None, Ceiling Fan(s)
None
Exterior / Lot Features
Covered
Shingle
None
No Pool
114x134, 1/4 Acre to 21779 Sq. Ft.
R-3
Full
Paved Road
Driving Directions
From South US Hwy 27, turn East on to Washington Avenue. Property is on the right.
Financial Considerations
27-29-35-879000-003170
$1,663
2015
Listing Price History

Lake Wales Real Estate

Lake Wales is located in Florida. Lake Wales, Florida 33853 has a population of 14,268.

The median household income in Lake Wales, Florida 33853 is $34,912. The median household income for the surrounding county is $43,606 compared to the national median of $53,046. The median age of people living in Lake Wales 33853 is 40.6 years.

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Courtesy: PINEYWOODS REALTY LLC


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Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Copyright 2016, My Florida Regional MLS
Information is deemed reliable but is not guaranteed.

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