5-Units in Lake Wales – New Price Old Bartow Rd. Lake Wales, FL. 33859
Here is a 5 unit multi-family complex in Lake Wales. The property consists of a 1872 SQFT apartment building with 2- 1/1’s, 1-studio, 1- 2/1 and a 732 SQFT 3/1 mobile home. All units are currently rented. Rental rates are as follows:
Two 1 Bedroom 1 bathroom Units. – $425 & $425 monthly
One Studio 1 Bedroom 1 bathroom – $325 monthly
One 2 bedroom 1 bathroom apartment – $550 monthly
One Mobile Home 3 bedroom 1 bathroom. – $450 monthly
Total Monthly income: $2,175
There is a new well pump and a new septic tank for the building was installed November 2018. The wood steps are 3 years old, some tiling was done a couple months ago and on of the roofs was replaced 2015. You will need to do some work to get the rents up for sure, but definitely make us an offer!