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$1,650,000

244 E Park Avenue Lake Wales, FL 33853 Multi Unit - Multiple Active

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Description

Truly rare opportunity to own a piece of Lake Wales History and the painstaking task of historic preservation has already been done! Built in 1915, the J.T. Rhodes Building was one of the first two brick-and-mortar buildings in Lake Wales. The City owes its origin to the building, where the villagers gathered upstairs in what was then the Masonic Hall on the night of April 27, 1917 to sign a petition to the Legislature for the issuance of a city charter. The Legislature responded by incorporating the City, whose charter was signed into law by Governor Sidney J. Catts on May 28, 1917.This amazing piece of architecture is home to one of the few mixed-use buildings in downtown. Downstairs are 2 commercial suites, with long term tenants in place! Upstairs you will find 4 well-appointed and thoughtfully designed apartments! All of the apartments have in unit laundry, modern kitchens with all new appliances, original hardwood flooring, timeless baths, spacious rooms and high ceilings... all while maintaining the historic character & charm! The completion of this building is perfectly timed with the revitalization of downtown Lake Wales, the property is positioned at the heart of the city's walkable new streetscape - complete with brick paved streets, lush park-like settings and a growing calendar of community events! The City is in the process of designating downtown Lake Wales an Arts, Cultural & Entertainment (ACE) District which will provide an environment welcoming growth and promoting prosperity! The investment in this renovation and historic preservation is unmatched, with no detail overlooked. The goal was to preserve this piece of history for the next 100 years and every decision was made with that long term vision.... An invaluable gift to the person lucky enough to be the new owner, entrusted with the legacy of the J. T. Rhodes building!

Property Highlights

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.12 Acres
Roof Type: Built-Up
Taxes: $8,696
Year Built: 1915

General Information

Bedrooms: 6
Sqft: 8,480
County: Polk
Subdivision: LAKE WALES
Listed By:
Dolores Vogel LEGACY REAL ESTATE CENTER INC 863-676-0200

Amenities

Ceiling Fans(s)
Elevator
High Ceilings
Walk-In Closet(s)
Lighting
Other
Sidewalk

Property Features

Accessibility Features: Accessible Bedroom, Accessible Common Area, Accessible Hallway(s)
Annual Net Income: 121122.00
Appliances: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
Days on Site: 241
Directions: From Hwy 27, turn east onto Central Ave, turn left onto Scenic Hwy, turn left onto Park Ave, second building on the left.
Exterior: Brick
Fireplace: Decorative, Gas, Living Room, Primary Bedroom
Fireplace Y/N: Yes
Flood Zone Code: X
Flooring: Tile, Wood
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.12
Ownership: Fee Simple
Parking: On Street
Parking Notes: On Street
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Security: Fire Sprinkler System, Smoke Detector(s)
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Listing Agent Must Accompany, ShowingTime
Special Sale Provisions: None
Units: 6
Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water - Multiple Meters, Water Connected
Water: Public
Water Access Y/N: No
Zoning: C-1
$1,650,000
6beds
8,480sqft
Active
BEDS6 BATHS SQUARE FEET8,480 MLS#K4903012
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONLAKE WALES

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244 E Park Avenue, Lake Wales, FL 33853.

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Estimated Payment

$ 6,771.09 per month $5,565.17 Principal & Interest $724.67 Property Tax $481.25 Homeowner's Insurance

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