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$799,000

1854 Highland Park Drive S Lake Wales, FL 33898 Multi Unit - Multiple Active

  • 1854 Highland Park Drive S, Unit A-F, Lake Wales, FL 33898 Main Photo

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Description

PRICE IMPROVEMENT!! Unique opportunity to own a true LAKEFRONT 6 unit income property! With 100 feet of frontage on Lake Easy and a large one acre lot, this 4660+ square foot Multi-Family property has something to offer for everyone. Located in the quaint village of Highland Park, this location features a community park, walkable streets for afternoon or morning strolls, old growth and mature landscaping everywhere with that nostalgic feeling of a true neighborhood. Access to Lake Easy provides both fishing and recreation with its sandy bottom and panoramic views. This one-of-a-kind property is a must see to appreciate. All units have leases in place with a total monthly income generating approx. $6850. There are two 2 bedroom/2 bath downstairs units, both lakefront; two upstairs 1 bedroom/1 bath units, both lakefront; and 2 studio units, with no lakefront views. Most units have been recently updated, with only 1 unit needing to be refreshed when there is a tenant turnover (which is rare!)

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Baseboard, Electric
Lot Size: 0.99 Acres
Roof Type: Other, Shingle
Stories: 2.0
Taxes: $12,067
Year Built: 1923

General Information

Bedrooms: 6
Sqft: 4,264
County: Polk
Subdivision: HIGHLAND PARK
Listed By:
Dolores Vogel LEGACY REAL ESTATE CENTER INC 863-676-0200

Amenities

Ceiling Fans(s)
Living Room/Dining Room Combo
Split Bedroom
Outbuildings
Balcony
Other
Rain Gutters
Storage

Property Features

Annual Net Income: 58929.00
Appliances: Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
Association Amenities: Park, Playground
Body of Water: LAKE EASY
Community Features: Golf, Park, Playground, Sidewalks, Street Lights
Days on Site: 860
Directions: From Lake Wales, travel south on Scenic Hwy, turn left into Village of Highland Park, road forks, stay right. Continue through neighborhood keeping right, property is on the right side of the road.
Exterior: Stucco, Frame
Flood Zone Code: X
Flooring: Carpet, Ceramic Tile, Wood
Foundation: Slab
Frontage Lake: 100
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional
Lot: Gentle Sloping, In County, Landscaped, Street Dead-End, Paved
Lot Dimensions: 0.99
Other Structures: Shed(s), Storage
Ownership: Fee Simple
Patio/Porch: Deck, Patio, Porch
Pets Allowed: Yes
Property Attached Y/N: Yes
Property Sub-Type: Multi-Family 5+
Sewer: Septic Tank
Showing Instructions: 24 Hour Notice, Appointment Only, ShowingTime
Special Sale Provisions: None
Special View Info: Water
Units: 6
Utilities: Cable Available, Electricity Connected, Water Connected
Water: Private
Water Access: Lake
Water Access Y/N: Yes
Waterfront Features: Lake Front, Skiing Allowed
Water View: Lake
Zoning: R-2
$799,000
6beds
4,264sqft
Active
BEDS6 BATHS SQUARE FEET4,264 MLS#K4902471
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHIGHLAND PARK

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1854 Highland Park Drive S, Unit A-F, Lake Wales, FL 33898.

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Estimated Payment

$ 3,933.52 per month $2,694.89 Principal & Interest $1,005.58 Property Tax $233.04 Homeowner's Insurance

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